Welcome!

By registering with us, you'll be able to discuss, share and private message with other members of our community.

SignUp Now!

Economist - Economic Focus - Lessons from a lost decade

DragonflyProperties

0
Registered
Joined
Sep 25, 2007
Messages
201
Hi all,

An article from the Economist Magazine. Excerpt:

AS FALLING house prices and tightening credit squeeze America`s economy, some worry that the country may suffer a decade of stagnation, as Japan did after its bubble burst in the early 1990s.


By learning from Japan`s mistakes, America can avoid a dismal decade. However, it would be arrogant for those in Washington, DC, to assume that Japan`s troubles simply reflected its macroeconomic incompetence. Experience in other countries shows that serious asset-price busts often lead to economic downturns lasting several years. Only a wild optimist would believe that the worst is over in America.


http://www.economist.com/finance/economicsfocus/displaystory.cfm?story_id=11964819



Keith
 
Top Bottom