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Tell that to the people that invested in the Nikkei in 1989.
by yasp 8y ago
Tell that to the people that invested in the Nikkei in 1989.
- ThrustVectoring 8y agoGlobal market-cap weighted equity investment has done fine since 1989. And anyhow, Japan's lost decade is more of a central bank policy failure than anything else, and one that is unlikely to be repeated. The pre-Soviet Russian stock market is probably a better example.
- marvin 8y agoHow did the Russian stock market do? I'm curious and haven't heard this discussed before.
- ThrustVectoring 8y agoIt did about what you'd expect out of a national stock market - that is, until the Soviets seized the means of production, at which point you had literally nothing.