Jesse's Café Américain

"In the Incarnation the whole human race recovers the dignity of the image of God. Thereafter, any attack, even on the least of men, is an attack on Christ, who took on the form of man, and in his own Person restored the image of God in all. Through our relationship with the Incarnation, we recover our true humanity, and at the same time are delivered from that perverse individualism which is the consequence of sin, and recover our solidarity with all mankind."
Dietrich Bonhoeffer

Showing posts with label Japan. Show all posts
Showing posts with label Japan. Show all posts
02 July 2009

The Japanese Stagnation

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This is interesting, and probably an eye-opener for most Western readers. Most Japanese mortgages are 'recourse' loans meaning that ...
26 June 2009

The Particularity of Japan from an Economic and Demographic Perspective

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Since Japan is so often, and as we think incorrectly, cited as a likely deflationary pattern for the US in monetary outcomes, and since so f...
14 February 2009

Balance Sheet Recessions and Japan Redux

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Here are a few excerpts from an essay by Axel Leijonhufvud at VoxEU which was brought to my attention by xyphius from Japan. The essay in p...
11 February 2009

The Stock Index - Gold Ratios and a Brief Aside on Japan

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The Stock Index - Gold Ratios are important in gauging significant stock market declines. Stocks may go nominally lower or gold can increase...
29 December 2008

Japanese Economist Urges Selective Default on US Treasury Debt

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Here is an intriguing proposal for a 'selective default' of US Treasury debt to head off a massive devaluation of the dollar, and to...
19 December 2008

Japan Government to Buy 20 Trillion Yen in Stock to Support Their Markets

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You have to wonder why they just don't give money directly to their people, and allow them to use their discretion to invest and consume...
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