NP - Toryism (Austerity) Isn't Working.

[alice wellintown]

http://www.csmonitor.com/Business/Stefan-Karlsson/2011/0721/Why-do-Japanese-bonds-have-such-low-yields

On Fri, Apr 27, 2012 at 7:40 AM, alice wellintown
<alicewellintown at gmail.com> wrote:
> Japan again? Oh sure, Krug can use clever rhetorical stratgies and
> ignore the real differences in these economies, but now he's gone too
> far. NYT readers probably don't know all that much about Japan or
> Japanese conomics or politics, but they know enough, I assume, if they
> read the Times and are interested in Japan and Economics, but most
> people don't know why Japanese bond yields are low or even how to
> compare the Japanese yield curve with the US or Euro-curves. Why
> should they? So, when Krug, who usually stays away from esoteric
> arguements, even as he takes on Ben's publications, supports his
> argument with Japanse bond yields, readers with a clue laugh almost as
> hard as they do when Morris tries to say anything about economics.