April 05, 2009
– Comments (6)
This one is worth a read.
Another find, fraud...
This is the most ecompassing presentation I have read.
The major and fundamental difference from Japan is the ver low saving rates.
This is why I beleive that, if the trade balance is not sorted out this would enivitably trigger a huge amount of depreciation.
thank for the article dwot.
strange thing is, japans gdp was somewhat sustained, during and after their housing bubble, according to the article, do you think thats becasue we supported their exports with our imports?, their are so many similarities between the u.s and japans depression, but who will be their to sustain our gdp?
Big difference this time is that it is a world problem whereas last time it was just Japan, so I think they were able to build on exports.
With everyone hurting how does one build on exports?
Thank you for the link. The Japanese experience of the past two decades is useful when evaluating the on-going tug-of-war between deflation and inflation here in the U.S.
Thanks very much for that. It was very interesting.