U.S. Headed For Japan Style Recovery?
On December 29, 1989, the Nikkei index finished at an all-time high of nearly 39.000 points. Twenty years later, the stock index is just a quarter of its former value, the real estate market has crashed, unemployment more than doubled, and a sentiment of insecurity has settled across Japan. Will the U.S. face a similar fate?
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The Asian economies are not going to “decouple”, they are going to have their own financial crises and recessions. Yes, this includes China.
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It might sound similar, but no one can really predict these things. I believe in our government. I believe in Obama!
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