Wednesday, July 31, 2013

Abenomics

Nothing new. The Japanese devalued the yen, oil prices soured in Japan, and they will achieve the next level of energy efficiency. The cost of debt will rise, so the Japanese worker will owe mom a gazillion more. But mom lives in the spare bedroom and turns her pension back to the household.

The gain is in what Japan always is, the most energy efficient of all the OEDC economies.

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