The news from Spain is dire: its local governments are bankrupt and we can expect a domino effect. The cause? Overspending: Spain’s debt hangover follows an era of cheap credit that the birth of a common currency helped create. When the eurozone…
Japan tried desperately to pump billions upon billions of yen into its economy during the 1990 to jump start an economy ailing after a terrible real estate bubble that popped at the end of the 1980s. Twenty years later, Japan has a…