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Or it could be down for many decades. The Nikkei 225 is only just this year reaching where it was in 1989.
by thfuran 2y ago
Or it could be down for many decades. The Nikkei 225 is only just this year reaching where it was in 1989.
- slashdev 2y agoExactly. The stock market only got back to the highs of 1929, in inflation adjusted terms by 1960. So worst case, it can take 30 years or more to recover. Japan took even longer.
- thfuran 2y agoWorst case, the current stupidity fully cements US's fall from hegemony, moves the world away from USD as a reserve currency, reverses global brain drain to US, and the economy never recovers.