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Showing posts with label Japan's Economy. Japan's mistakes. Show all posts
Showing posts with label Japan's Economy. Japan's mistakes. Show all posts

Monday, September 20, 2010

Urgent Lessons from Japan on Economy, Debt and Stocks Bear Market

Economics / US Debt Sep 20, 2010 - 08:55 AM

Imagine a world where the economy never emerges from recession.

Imagine a time and place in which economists talk first of a double-dip recession, then about a triple-dip recession … and ultimately admit the dire reality of a long, multi-decade depression.

Imagine chronically high unemployment, overwhelming government indebtedness, shrinking population, spreading poverty — even growing rates of homelessness among college graduates.
Think about a 20-year period in which stock investors continually lose fortunes and retirees get nearly zero income on their savings, with no end in sight.

A future scenario? No! It’s the here-and-now scenario that I am personally witnessing