see lots of people discussing how “successful” Japan’s strategic decimation of the Yen has been so far.  They mainly just cite the Nikkei’s enormous rally as “proof” that all’s well that begins well.  Of course, that’s not always the case when you’re using a nominal wealth metric to describe how the real economy is responding.  Remember, the stock market is not the economy.  It is essentially the guesses of a group of semi-intelligent half apes who all think they’re smarter than one another. Anyhow, the more ... Read More