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Did you live through the late 80s when Japan had a similar psychological hold on a lot of US companies and decision makers? It may be somewhat entertaining, bu
by foobiekr 5y ago
Did you live through the late 80s when Japan had a similar psychological hold on a lot of US companies and decision makers?
It may be somewhat entertaining, but it is not a good thing. That said, it will be very funny if China suffers the same sort of historical path that Japan did after the failure of the 5th gen and the bubble. Housing prices as a multiple of income are actually worse in Shanghai right now than they were at the peak of Japan, Inc.