We can debate the similarities/dissimilarities between the US and Japan until the cows come home. Personally, I think the jury is still out on the US following Japan, and will be for quite some time. Regardless, years from now it will be fascinating to study the actual outcome. It will be particularly interesting to understand the reasons if the US avoids a Japan style lost decade or two.
You think You've had it bad - look at the Nikkei
- Thread starter dex
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dex
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Probably the next phase - if we are not in it already. Individuals paying off their debt, local governments trying to manage/reduce their debt, small/mid size companies debt adverse = low demand for debt, cut back on spending.
National governments are borrowing to finance their problems but it is offset by all the other items - so far.
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