In the third quarter GDP sank for the second time in a row in Japan. It turns out printing money and raising taxes is just as bad for the economy as it ever was.
We’re avid football fans here at Youngresearch.com, and this past week’s SNL featured this skit with Woody Harrelson that perfectly explained what we think of the new rules in the league.
What We’re Reading:
A perplexing rally (Gavekal Capital Blog)
How to Distort Income Inequality (The Wall Street Journal)
“Tax Fact of the Day” (Greg Mankiw’s Blog)
Sterling Hits 14-Month Low Against Dollar (The Wall Street Journal)
The Best Remedy for an Ailing Economy (The Wall Street Journal)
Turns out Money can buy Happiness, Sometimes