…Calmly observing the changing world

Modern economics’s ongoing failure in Japan is an especially intriguing spectacle to behold.  The country has an enormous debt – more than it could ever hope to pay off, and all efforts to revive the Japanese economy by the intellectual class have failed to do anything besides creating more debt. You might expect that after [...]

In a wild and crazy financial story (no… really!), two Japanese citizens were caught by Italian border patrol agents while on a train at Chiasso headed to Switzerland with an unusual amount of foreign bonds. To be clear, by “foreign bonds” in this case I mean American. And by “an unusual amount”, I mean $134,500,000,000 [...]