Euro/Pound dive against the Yen

[NJ5]

Kasz216 said:

NJ5 said:

If I can point at a single thing I learned during all this mess (I mean the recession) which greatly disappointed me, it was to find that countries which I always saw as rich have really been borrowing a lot of money to fund their governments. That goes for the vast majority of the developed countries. I was especially surprised to find out that Japan's debt is close to 200% GDP.

 

200% GDP.  I did not know that.  Weird they always seemed like a fiscally conservative government... i mean it seems like they've done nothing even before the financial crisis when their economy was kinda depressed.

Apparently they've been trying to stimulate their economy for almost two decades, when their deflation started (it pays to notice that their crisis started much like the crisis in the US, except that Japanese people actually had savings, which allowed them to lend money to their government).

At some point it's like prodding a horse long after it's clear that it's dead. It just makes you look crazy.