Crooks and Liars

Wednesday December 17, 2008 07:30 pm

I really enjoy Japanese horror flicks

By John Amato

Ringu aka The Ring was a very creepy film and spurred on a series of movies known as J-Horror that are very cool, but what's happening now to our economy is a little bit scarier. Maybe Miike will come out with a film called ZIRP.

Krugman:

That’s zero interest rate policy. And it has arrived. America has turned Japanese.

This is the thing I’ve been afraid of ever since I realized that Japan really was in the dreaded, possibly mythical liquidity trap.

ZIRP, it has a nice ring to it. Will Wall Street execs climb out of our TV's and try to kill us all?