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Currency Wars: “Strong Yen Is Destroying Japanese Industry”

by John Rubino on December 12, 2011

The thing to understand about inflation is that if one major country does it, all the others have to do it too. A single country can benefit by making its currency less valuable, because a falling exchange rate gives its exporters a pricing edge in global markets. But the pop in exports comes at the [...]

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Welcome To The Third World, Part 2: Real Lives

by John Rubino on November 1, 2011

Yesterday’s Wall Street Journal devoted an entire page to the differences between today’s economy and a typical recovery: Slow Recovery Feels Like Recession Americans are two years into a recovery that doesn’t feel much different to many of them from life during the most bruising recession in seven decades. Scenes of the long haul back [...]

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What Does Japan’s Implosion Mean For the Rest of Us?

by John Rubino on January 26, 2010

Standard & Poor’s is threatening to cut Japan’s credit rating, which doesn’t sound like that big a deal in a world where no one’s credit is quite what it used to be. But Japan is a special case. It’s been borrowing like crazy at rates two or so percentage points below what the U.S. pays [...]

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