Bank fraud, Japanese and Australian economic woes and other sad tales

I have a panoply of links today. There is no one over-riding theme though I do want to address the Japan question in more depth at some point. I have seen some commentary from Kyle Bass and Jeffrey Gundlach on the dire straits Japan finds itself in and the general view there is that Japan is doomed. I am less pessimistic. While I believe Japan has erred tremendously in following the Richard Koo script of allowing government deficits to run up in an attempt to bail out the private sector, I don't...

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