After just eight months in office, Japan’s prime minister, Yukio Hatoyama, resigned last week. The public reason given was the continued presence of the US military base on Okinawa, but the real reason was the deteriorating financial picture. Nobody knows what to do as Japan threatens to blow up on a scale that would make […]
Tag Archives: Greece
Sovereign Crisis
We’ve been watching the sovereign debt risk for many months, so the Greek tragedy is not entirely shocking. What anybody who’s doubted has to admit, though, is that the time to have prepared for trouble was a lot more recent than last year or even the beginning of this year. The correction didn’t happen nearly […]
