The best overall regulation the U. S. could impose is to limit the size of every financial institution so that the possibility of out right failure guides every actor.
Tuesday, February 9, 2016
Negative Interest Rates in Japan means the bad assets haven't cleared
Its darkest before the dawn but this More Americans Quitting Jobs as Labor Market Tightens headline is a very positive indicator for our economy and wage growth. The bad assets swept under the rug with TARP have mostly cleared while those in Japan twenty five years ago have not. Add Fukishima and the trashing of the country's nuclear utility investment and you have a mountain under a rug of denial.
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