USA as Japan – Our Lost Decade

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Nov 132009
 
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Suggestions that we are in for a “Lost Decade” similar to Japan (they have actually lost two decades!) are hard for most Americans to accept. But, in terms of the stock market, we have already lost a decade, especially when you adjust for inflation. Arguably, we have not lost a decade in terms of the real economy – YET! We have entered the beginnings of that decade and are likely to lose at least one decade of growth, job creation, etc. Here is a long but valuable post from Mish that explains why.

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