As Japanese Prime Minister Warns of "Lehman-Style Crisis," Is He Looking At Correlation or Causation? – ValueWalk Premium
Japan QE

As Japanese Prime Minister Warns of "Lehman-Style Crisis," Is He Looking At Correlation or Causation?

Perhaps the masters of those with magic powers are located in Japan. With nearly a 229% debt to GDP level and unemployment near record lows, Japanese Prime Minister Shinzo Abe looked his fellow Group of Seven economic leaders in the eyes and said a Lehman-style crisis is approaching, to some degree echoing previous statements by financial analysts. In pointing to falling commodity prices as an indicator of the next crash, however, it might be what Abe didn’t address, debt, that matters to a more significant degree than . . .

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