Wednesday, August 14, 2013

One Quadrillion

But somehow I can't believe
That anything should happen
I know where I belong
And nothing's gonna happen
--Tal Bachman

Last week Japan's national debt topped one quadrillion yen. That's 1,000,000,000,000,000. The debt bubble has sensitized people to trillions. So why not add three more zeros to these nonsense numbers?

Nonsense in the sense that the only way this debt gets reduced is through default or more inflation.

1 comment:

dgeorge12358 said...

10 Year JGB Yield 0.74%
30 Year JGB Yield 1.77%