News From the Dismal Science . . .

So Moody's has downgraded Japan's debt.  Zero Hedge, my favorite site for economic paranoia of all stripes and dimensions, offered a suitable comment: "What was that word Freud used when you are a weak, pathetic, corrupt, powerless, piece of anachronistic filth and instead of doing the right thing (for fear of losing your job or worse), you lash out at a weaker and irrelevant substitute? Oh yes, projection."And over at Forbes, Steve Denning offers a detailed and fascinating explanation of ...