Sunday, January 3, 2010

Japanese lost decade was because....

Not that the Japanese government didn't go far enough...it didn't let the market clean up the balance sheets which hung over the economy for a decade.

What this article asks is that we do MORE of what the Japanese did that created their lost decade.

Does this make sense to you?

in reference to: Editorial - Avoiding a Japanese Decade - NYTimes.com (view on Google Sidewiki)

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