Tilted Forum Project Discussion Community - View Single Post - financial times on the current economic situation

guyy · 08-07-2008, 02:41 PM

Hmmm... the nesting effect is the same as in Japan. However, incomes were rising there and there was no fuel & food inflation. Just the opposite in fact. Prices for food in Japan went way down in the 1990s, and there was great fear of deflation. This slump is unfolding within a different environment. I'd say it's more threatening.

You'd think you'd hear more about similarities to the Japan's "lost decade" than you do. Part of the reason may be that it's too scary to think that it might take 15 years or so to get out of this.

I thought the infrastructure spending suggestion was very Japanese. That's just what an LDP pol would say. In a Japanese context, i'd roll my eyes, but the US really does need it.

You can look at 4 articles without signing up, 30 if you sign up for the free account.

08-07-2008, 02:41 PM	#2 (permalink)
guyy Addict Location: Cottage Grove, Wisconsin	Hmmm... the nesting effect is the same as in Japan. However, incomes were rising there and there was no fuel & food inflation. Just the opposite in fact. Prices for food in Japan went way down in the 1990s, and there was great fear of deflation. This slump is unfolding within a different environment. I'd say it's more threatening. You'd think you'd hear more about similarities to the Japan's "lost decade" than you do. Part of the reason may be that it's too scary to think that it might take 15 years or so to get out of this. I thought the infrastructure spending suggestion was very Japanese. That's just what an LDP pol would say. In a Japanese context, i'd roll my eyes, but the US really does need it. You can look at 4 articles without signing up, 30 if you sign up for the free account.