“In my time I’ve watched a bunch of countries go south. In the 80’s it was all of South America. Poland, Yugoslavia and South Africa also hit the skids during those years.”

By my read of history, the “tipping point” occurs at about the time when the local stock market returns fall below the currency depreciation. When that balance is broken, chaos usually follows. In the case of Japan, this could come as a result of a sudden down correction in the Nikkei, coupled with another big move down in the Yen versus the Euro and the dollar.

One comment on ““In my time I’ve watched a bunch of countries go south. In the 80’s it was all of South America. Poland, Yugoslavia and South Africa also hit the skids during those years.”
  1. Bruce's track record subpar says:

    Bruce’s track record is terrible. I remember reading all his articles on Business Insider about how he is selling stocks and going into cash. This was thousands of points ago on the Dow. And call him out on it and he makes 100 different excuses. He’s like Don Harrold.

    The bottom line is stocks preserve purchasing power, just not right away. There is always a lag, just like Ray Dalio says. I really wouldn’t listen to Bruce Krasting. If you do, you will probably go broke. Listen to Jack Bogle instead.

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