Comments on: THE U.S. CREDIT CRISIS: JAPAN ON STEROIDS? http://pragcap.com/the-us-credit-crisis-japan-on-steroids Sat, 20 Mar 2010 04:52:05 +0000 http://wordpress.org/?v=2.9.2 hourly 1 By: Purple Teeth http://pragcap.com/the-us-credit-crisis-japan-on-steroids#comment-2419 Purple Teeth Thu, 25 Jun 2009 22:22:57 +0000 http://pragcap.com/?p=5733#comment-2419 Sigh, Unfortunately. So there really wasn't a prince charming ... Sigh, Unfortunately. So there really wasn’t a prince charming …

]]> By: TPC http://pragcap.com/the-us-credit-crisis-japan-on-steroids#comment-2395 TPC Thu, 25 Jun 2009 19:39:59 +0000 http://pragcap.com/?p=5733#comment-2395 They implemented quantitative easing, rates remained low, deflation persisted, debt wasn't paid off, consumers continued to save, house prices continued to decline and the Nikkei trended down to sideways for another 9 years. Of course, there were huge rallies along the way, but the long-term fundamentals remained very poor and the government and BOJ actions accomplished little beside fend off all out depression. Sound famiilar? They implemented quantitative easing, rates remained low, deflation persisted, debt wasn’t paid off, consumers continued to save, house prices continued to decline and the Nikkei trended down to sideways for another 9 years. Of course, there were huge rallies along the way, but the long-term fundamentals remained very poor and the government and BOJ actions accomplished little beside fend off all out depression.

Sound famiilar?

]]> By: Purple Teeth http://pragcap.com/the-us-credit-crisis-japan-on-steroids#comment-2393 Purple Teeth Thu, 25 Jun 2009 19:14:23 +0000 http://pragcap.com/?p=5733#comment-2393 So what did Japan do next? It's like the last page of the fairy tale is missing from the book. Don't leave us hanging! So what did Japan do next? It’s like the last page of the fairy tale is missing from the book. Don’t leave us hanging!

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