I enjoy financial blogger Cullen Roche’s work at Pragmatic Capitalism a lot. What I enjoyed the most is of him trying his best to take a common narrative that is popular in the media and provide a fresh perspective. Put it another way, he often offers an alternative thought to the common narrative, without being seen as a bear or fear monger. It is when you hear his explanation of some deeper economic topics such as the world printing money, gold and such that you appreciate a fresh perspective that is not too slanted. The passive investors will not be happy when he describes their approach to be not reflective of the total market for one important reason: bonds and debts make up a large part of the world’s net worth on top of equity. In his recent article, he decides to put the microscope on Japan. As most of ......