What the Markets are Telling Us About Japan

In a recent post I suggested that severe demand shortfalls were also market predictions of severe demand shortfalls. In the comment section Larry quoted me and then asked an interesting question: “But when it fails, it’s really, really hard to fix the problem, because doing so requires policymakers to be more effective than the markets […] View the full post at: What the Markets are Telling Us About Japan Related posts: Why does Forbes have Such Contempt for Markets? Has the Fed Officially Expanded Its Goals? The Two Ben Bernankes