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Read more here: Snap Elections in Greece; 3-Year Bond Yield Tops 12%; Potential Cascade! Who Has the Upper Hand?
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Read More: Output Gap Idiocy; Shaky Accounting EU and US Style
Read More: "Debt Trap" Nonsense; Eurosceptics on Rise; Demise of the EU: "Soon There Won’t be a Europe" Says Telegraph
The Yen currently trades about 115 to the US dollar. At the end of 2011 the Yen was about 77 to the dollar. That is a decline of roughly 33%.
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See the article here: El-Erian: "Europe Is One or Two Rounds of Sanctions From Recession"; El-Erian Far Too Optimistic
Read More: Another Unbelievable Stress-Free Test; Whitewash Math and Deferred Tax Assets
As for wages, they are actually rising not only in the US, but also in Europe as I pointed out in European Service Prices Plunge at Steepest Rate Since January 2010; Reflections on Keynesian Stupidity . In the US, the Fed did stave off for now, another round of price deflation