Things Better Said Elsewhere
In the US, we apparently instituted capital controls when we passed health insurance reform. Yet another way that the “If you don’t like it here, leave” argument is followed by “but leave your money.”
In Europe, Greece managed to sell $6.7 billion debt. Paying 6% on maturities that Germany pays less than 3% on makes this success seem a little hollow. They still have a few more auctions of this size before the end of the year. April and May will be key tests for Greece.
Across the Pacific, Japan’s Factory Output Falls for First Time in a Year. I am anxiously awaiting DismalTrader’s take on this.
