Below are today’s links. The must-read links are from Edward Chancellor on Japan and the two links on state debt woes from the New York Times and the Atlanta Journal-Constitution. I also recommend the Baseline Scenario link which goes into detail about the perniciousness of leverage in the banking sector, questioning the tax-code’s favouring of debt over equity.
Read more: https://www.creditwritedowns.com/news-feed#ixzz17FLm3gcl