Japan is drifting helplessly towards a dramatic fiscal crisis. For 20 years the world's second-largest economy has been able to borrow cheaply from a captive bond market, feeding its addiction to Keynesian deficit spending – and allowing it to push public debt beyond the point of no return.
http://www.telegraph.co.uk/finance/comment/ambroseevans_pritchard/6480289/It-is-Japan-we-should-be-worrying-about-not-America.html
The more economics and financial articles I read the more I feel like we are hurtling towards certain disaster. But the really big problem is that we have inept politicians who don't understand anything about business or economics in charge of our futures. Its going to be a really bumpy ride over the next ten years.
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