http://www.nytimes.com/2013/10/25/opinion/krugman-addicted-to-the-apocalypse.html?ref=paulkrugman&_r=0
"Stanley Druckenmiller, the billionaire investor, who has lately made a splash with warnings about the burden of our entitlement programs. (Gee, why hasn’t anyone else thought of making that point?) He could talk about the problems we may face a decade or two down the road. But, no. He seems to feel that he must warn about the looming threat of a financial crisis worse than 2008."
Don’t believe me? Look at Japan, a country that, like America, has its own currency and borrows in that currency, and has much higher debt relative to G.D.P. than we do. Since taking office, Prime Minister Shinzo Abe has, in effect, engineered exactly the kind of loss of confidence the debt worriers fear — that is, he has persuaded investors that deflation is over and inflation lies ahead, which reduces the attractiveness of Japanese bonds. And the effects on the Japanese economy have been entirely positive! Interest rates are still low, because people expect the Bank of Japan (the equivalent of our Federal Reserve) to keep them low; the yen has fallen, which is a good thing, because it make Japanese exports more competitive. And Japanese economic growth has actually accelerated.
Why, then, should we fear a debt apocalypse here? Surely, you may think, someone in the debt-apocalypse community has offered a clear explanation. But nobody has."
Stanley Freeman Druckenmiller (born June 14, 1953)
日 月 年丙 戊 癸 申 午 巳 大運
2005 → 2015 壬子
2015 → 2025 辛亥 2015乙未--亥未木印 2015印年2016丙申=日柱--申=財 good?
Paul Krugman-born February 28, 1953
日 月 年
庚 甲 癸
戌 寅 巳
2010 → 2020 戊申 衝月甲寅
2016丙申 庚=申--丙=七殺 raw? 2016- could be the year to worry
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