Saturday, July 7, 2012

Is America turning into Japan?

http://money.msn.com/top-stocks/post.aspx?post=4f9464e7-d3a1-4011-99af-f112ea85a69f

The have been stuck in a deflationary environment for the last 22 years.

"U.S. consumers are now living in a world much like the one the Japanese have been living in for the past 20 years: a world with limited access to credit, little or no appreciation in asset values, slow growth, large government deficits, and a rickety banking system.

The headline story about Japan is that the bubble economy of the 1980s was popped by central bank policy, and through bad policy choices the country has remained mired in deflation and low growth ever since.

That sounds like something we Americans may experience."

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