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Japanese Caught Smuggling $134 Billion in Bonds to Switzerland
Is Japan panicking about hyper-inflation of US currency?
by James Buchanan
An article on a financial website notes “We’ve heard a lot of big numbers over the past year. A $700 billion bank rescue. A trillion-dollar deficit. A $50 billion Ponzi scheme. A quadrillion-dollar Zimbabwean personal check. But this story might top them all, if only for sheer originality. Details are extremely vague, but...
Liberals Say: US Recession to End Soon
by James Buchanan
A recent Reuters article reports “The U.S. recession is set to end ’soon,’ but continued job losses and plunging house prices point to an economic recovery that will be more moderate than those experienced in previous downturns, a survey showed. The survey of 45 professional forecasters released by the National Association of Business Economists (NABE) on Wednesday found almost...