I would argue that it was the lack of inflation that was the key. Lenders knew they wouldn't be stiffed. (View Post)

Remember: one person's debt is another person's savings. Inflating their debt away is just a transfer from savers to borrowers. And, of course, one with long term consequences. (View Post)

On the other hand, that massive capital expenditure hasn't done Japan much good. (View Post)

I'm not claiming betting markets are perfect. I'm disputing the claim that something being the favorite means they always win. The crowd is not expressing certainty, but a measure of probab… (View Post)

Also, would Carney have won without Trump's actions? It seems Carney benefited (as almost any Liberal leader in Canada would have done) from the Conservatives being seen as too close to a sudden… (View Post)