…Calmly observing the changing world

Shakespeare warns us, “Neither a borrower nor a lender be”, which seems like good advice. Sadly, like a lot of other good advice, it suffers from difficulties during implementation. It seems we’ve borrowed – quite a bit.  Even those who haven’t personally borrowed or lent are still under the collective borrowing of our country. Worse [...]

While very few people seem to know what is really going on, everyone seems to have figured out by now that whatever it is, it’s getting worse. But if you think Americans are worried, just imagine how the people who lend us money feel. Well, the Japanese, long time major creditors of the United States, [...]