Japan’s public debt is almost 240% of GDP = Japan Downgraded AGAIN!

We are f*cked, doomed, scr*wed, whatever you want to call it.


The crisis, folks, is upon us. Mish Shedlock writes in Japanese Debt Downgraded by Fitch; No Urgency for Japan (Until Panic Hits):

Japan’s public debt will hit almost 240 percent of its gross domestic product by the end of the year, Fitch warned.

Did I say that we're  f*cked? I did? OK. Go back to what you we're doing. Nothing to see here, folks. Move along..... Move along.....


No problem, right? We're just a step or two above Spain and Italy and, heck, look at how well they are doing....