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I'd bet not, actually. The lost decade in Japan was due to unique structural problems in the Japanese economy. The current recession is just a classic specula
by pg 18y ago
I'd bet not, actually. The lost decade in Japan was due to unique structural problems in the Japanese economy. The current recession is just a classic speculative bubble. A bad one, certainly, but not qualitatively different from the speculative bubbles the west has been bouncing back from since the 17th century.
- veteran 18y agono denial about speculative bubble but with abysmal savings, lack of educational resources, and near certain evaporation of low skilled jobs not sure - when it bounces back to what level it can go and how sustainable bounce back will be.. fundamental problems must be acknowledged and tackled..
- tokenadult 18y agoA lot of economists have been saying for a long time that overinvestment in real estate is a structural problem of the United States economy. It's sure not clear to me how buying a McMansion in a sprawling exurb increases productivity.
- ivankirigin 18y agoOne similarity certainly has to be zombie companies that the government props up, to the hindrance of creative destruction. I think the industries that are affected aren't the most innovative in the US. No zombie web companies are getting bailed out, right?