Recs
September 25, 2009 – Comments (1)
Mish has a post where he says we are following Japan's path and has a graph showing a 10 year offset.
This one caught my interest because Japan's economy to me has been one to watch as a model of what might be expected with the North American housing bubble.
Japan as a model has shown up a few time in my post...
Why look at Japan?
Japan, an economy to study.
Betting on Japan style deflation.
Japan appears to been in a liquidity trap. This is a theorized but probably never before seen in the wild feature of monetarism. Given that US and Japanese attitudes about money and saving are very different, I don't see the US going that way. (Note: This is not a claim the outcome will be good, just different than Japan.)
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