by Jorma The Sandusky thing represents a broader aspect of how things work. To wit those at the top of powerful institutions, governmental, corporate, military or any other are protected by the institution and all its members. In addition government legal powers are taught to steer clear of those powerful institutions. Sandusky was protected for…
Most people have given up on investing in Japan.
With an aging population and far too much government debt, the conventional wisdom is that Japan will never again see the vigorous economic growth it once enjoyed.
The earthquake and tsunami of March 2011 only reinforced this view. However, that tragic episode did have another side.
It showed the resilience and discipline of Japanese society.
There was almost no looting, for example — and recent economic data suggest that the Japanese economy is not as dead as it seemed.
First quarter Japanese gross domestic product (GDP) came in at an annual growth rate of 4.1% –far higher than the United States, Canada, Australia, or anywhere in the Eurozone.
Given that Japan has been in perpetual near-recession for 21 years, with no surges of productivity like the U.S. enjoyed in the late 1990s, it’s really not a bad performance.
You can also see Japan’s true strength from its exchange rate, which is currently 79 yen to the dollar, up from around 120 five years ago. That makes visiting Tokyo very expensive.
However, it’s also sign of a highly competitive economy.
Investing in Japan: What You Need to Know
It’s notable that observers in the United States, a country which perpetually runs payment deficits of $500 billion-$600 billion annually, sneer at the economies of Japan and Germany, which are almost always in surplus.
Before 1995, I lived in another economy that was similar. Britain ran deficits much like the U.S. does.
So believe me when I tell you, deficits are not exactly a sign of superior economic health.
The three directors who oversee risk at JPMorgan Chase & Co. (JPM) include a museum head who sat on American International Group Inc.’s governance committee in 2008, the grandson of a billionaire and the chief executive officer of a company that makes flight controls and work boots. What the risk committee of the biggest U.S.…
December 30, 2011
3 Experts Prognosticate on 2012
By JAMES B. STEWART
Predictions for the economy and markets for 2012 have been bleak, and 2011 was much worse than expected. There may not be much to celebrate this New Year’s Eve.
December 29, 2011
Keynes Was Right
By PAUL KRUGMAN
“The boom, not the slump, is the right time for austerity at the Treasury.” So declared John Maynard Keynes in 1937, even as F.D.R. was about to prove him right by trying to balance the budget …
When 86% of Americans have a chronic lifestyle illness, then the national security of the nation is at risk.
Every once in a while a report surfaces from the Pentagon or the C.I.A. which identifies key threats to the national security of the U.S. So…
Analysis: Pension funds in new crisis as deficit hole grows
On Monday September 5, 2011, 10:05 am EDT
By Natsuko Waki
LONDON (Reuters) – Pension funds in developed economies are facing a new crisis as falling equities and tumbling bond yields widen t…
This article was originally sent as a Wall Street Examiner Email Bulletin, yesterday. The economic news has been better in recent days, that is if you confine yourself to reading the stories in the mainstream media. Beneath the surface, the data reveals a subtle, not so obvious deterioration. It can not be seen in the…
An Agency Builder, but Not Yet Its Leader
By EDWARD WYATT
Published: July 4, 2011
WASHINGTON — It is conventional wisdom in this town that the first director of the new Consumer Financial Protection Bureau will be anyone but Elizabeth Warren.
By guest contributor Ed Easterling
May 3, 2011
Note from dshort: This article is a must-read follow-on to the two-part series posted last week by guest contributor Ed Easterling. It discusses the ability of the Crestmont methodology for P/E and EP…