Morning Reads- New Economic Perspectives

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Here’s some fiscal insanity from Japan, where they’re trying to juice the economy with Abenomics while simultaneously promising massive austerity ahead.  I’m sure that will prove very reassuring to markets.

Here’s another heart-warmer. Bank of America  has decided it’s been paying U.S. workers too much to review mortgage and other loan documents.  So it’s off shoring those jobs.  Now workers in India will be checking off on those appraisals, etc.  It should help the “struggling” conglomerate.

Finally, The Guardian reports that Ireland has fallen back into recession “despite” its multi-billion euro austerity drive.  The fact that they use the word “despite” shows you just how far we are from collectively figuring out the obvious.

Good luck to us all.

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