JAPAN NOW HOLDS MORE U.S. DEBT THAN CHINA
The Chinese are selling their holdings and last week Japan took over first place with $767.8 billion of Treasury bonds supplanting China’s holdings of $755.4. Having only attained a high school diploma, I have huge difficulty how all this debt nonsense works. Over the past year the Federal Reserve has been buying Treasury bonds, so [...]
JAPAN’S CORPORATE CULTURE HAS INDEED CHANGED IN THE 21ST CENTURY
Large Japanese corporations once upon a time were considered too big to fail. Until the restructuring of several of the largest Japanese banks at the turn of the century, commerce in Japan was held together by “keiretsu” companies. In crude terms about six keiretsu banks; Mitsubishi, Mitsui, Sumitomo, Fuyo, Mizuho and Bank of Tokyo-Mitsubishi UFJ [...]
IT IS NO LONGER THE TIME TO REMAIN THE WORLD’S PEACEKEEEPER
President Obama, your ratings would soar overnight if you acted like Dicky Nixon did with Vietnam and get the troops out of those hell holes of Iraq and Afghanistan tomorrow. As much as I feel saddened by the Taliban retaking Afghanistan and maybe the Kurds and Sunnis getting “back to work” to duke it out [...]
TRY SELLING A CADILLAC TO JAPAN
Oh what a shame Toyota and their fellow brethren now fear Detroit bias in Washington. Thirty years ago they sneaked in through the back door and deliberately undercut the big three with predatory pricing and GM went from over 60% market share down to 20% where it is today. They soon realized that having their [...]
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