The New York Times reports on the Tokyo stock exchange's early shut down. It is one of a string of trading scandals, many in Japan. It comes at a time when major market indexes are at or near post-crash peaks, and the economy, we are told, is doing just fine. In fact, we are at the edge of financial crisis, where a series of long term pressure points are going to test the economic management, not just by the US, but by the G-7 as a whole. The prognosis is not good - with a string of right wing governments grabbing power, and committed to creating more asset inflation - they are intent on pouring gasoline on the fire.
[Geekier version here.]