Summary: the most contrarian thing you’ll read today. Japan was a big story in 2014. The hopes for its rise — quickly crushed — created ripples around the world. Today’s post features an article by an expert asking if a new phase in its recovery story will unfold in 2015. A recovery in Japan would …
For Japan there is no road but to an economic recovery Read More »
Summary: A first step to understanding comes from appreciating the wonders before us. Recognition of extraordinary events that lie before us. Not unique events (those are seldom seen), but event of unusual magnitude. Old Faithful, not the usual steam kettle on the stove. Today we look at one such, one of the greatest experiments ever: …
Japan leads us into a new future, taking the next step in the great monetary experiment Read More »
Summary:Â It’s difficult to describe the magnitude of the monetary policy experiments now running around the world, most especially in China, USA, and Japan. At the end are links to a dozen posts attempting to do so with words and numbers. Today we do it with pictures. . The monetary stimulus programs running around the …
The easy way to understand unconventional monetary policy Read More »
Summary: We live in an age of wonders. We have technology that previous generations would consider science fiction or fantasy. Social changes beyond precedent, such as gender equality. Not least, we’re conducting monetary experiments on a scale never before attempted. Success by the Bank of Japan and Fed will create a new world, one with …
