You have ordinary memory, the 'currentpos' reference and the Point object and its fields behind it, shared between 2 threads, without synchronisation. Thus, there is no defined ordering between the writes that happen to this memory in the main thread and the reads in the created thread (call it T).

Main thread is doing the following writes (ignoring the initial setup of point, will result in p.x and p.y having default values):

to p.x

to p.y

to currentpos

Because there is nothing special about these writes in terms of synchronisation/barriers, the runtime is free to allow the T thread see them occur in any order (the main thread of course always sees writes and reads ordered according to programme order), and occur at any point between the reads in T.

So T is doing:

reads currentpos to p read p.x and p.y (in either order) compare, and take the branch read p.x and p.y (either order) and call System.out.println

Given there's no ordering relationships between the writes in main, and the reads in T, there are clearly several ways this can produce your result, as T may see main's write to currentpos before the writes to currentpos.y or currentpos.x:

It reads currentpos.x first, before the x write has occurred - gets 0, then reads currentpos.y before the y write has occurred - gets 0. Compare evals to true. The writes become visible to T. System.out.println is called. It reads currentpos.x first, after the x write has occurred, then reads currentpos.y before the y write has occurred - gets 0. Compare evals to true. Writes become visible to T... etc. It reads currentpos.y first, before the y write has occurred (0), then reads currentpos.x after the x write, evals to true. etc.

and so on... There are a number of data races here.

I suspect the flawed assumption here is thinking that the writes that result from this line are made visible across all the threads in the programme order of the thread executing it:

currentPos = new Point(currentPos.x+1, currentPos.y+1);

Java makes no such guarantee (it'd be terrible for performance). Something more must be added if your programme needs a guaranteed ordering of the writes relative to reads in other threads. Others have suggested making the x,y fields final, or alternatively making currentpos volatile.

If you make the x,y fields final, then Java guarantees that the writes of their values will be seen to occur before the constructor returns, in all threads. Thus, as the assignment to currentpos is after the constructor, the T thread is guaranteed to see the writes in the correct order.

If you make currentpos volatile, then Java guarantees that that this is a synchronisation point which will be total-ordered wrt other synchronisation points. As in main the writes to x and y must happen before the write to currentpos, then any read of currentpos in another thread must see also the writes of x, y that happened before.

Using final has the advantage that it makes the fields immutable, and thus allows the values to be cached. Using volatile leads to synchronisation on every write and read of currentpos, which might hurt performance.

See chapter 17 of the Java Language Spec for the gory details:http://docs.oracle.com/javase/specs/jls/se7/html/jls-17.html

(Initial answer assumed a weaker memory model, as I was not sure the JLS guaranteed volatile was sufficient. Answer edited to reflect comment from assylias, pointing out the Java model is stronger - happens-before is transitive - and so volatile on currentpos also suffices).