THEN they’ll be the next Greece…
Japan Sees Its Public Debt Exceeding A Quadrillion Yen Next Year
Jan 26 (Bloomberg) — Japan’s Finance Ministry said the country’s public debt will probably exceed a quadrillion yen for the first time next year, adding pressure on Prime Minister Yoshihiko Noda to raise taxes to restore the nation’s finances.
I assume you’re being facetious.
borderline sarcastic, actually, sorry.
Happy to see the dreaded “quadrillion” enter our financial lexicon. What are we going to do when we run out of zeros?
@pebird, buy them cheaply from China.
@pebird,
I can create some for you, for free. On my computer.
Good post by Jim Luke, working on notes for a lecture:
http://econproph.com/2012/01/25/does-anybody-understand-debt