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What really caused Japan's Lost Decade? | 54 comments (54 topical, editorial, 0 hidden)
Re: What really caused Japan's Lost Decade? (4.00 / 5)
When asset price inflation stops, the business class pushes the brake of the real economy in order to try to stave off the decline in asset prices.

The brainless should not be in banking -- Willem Buiter
by Carrie (migeru at eurotrib dot com) on Wed Mar 24th, 2010 at 08:16:25 AM EST
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Re: What really caused Japan's Lost Decade? (none / 1)
In the recent quarter in the US, growth in profits exceeded growth in GDP ... IOW, there was growing GDP at the same time as declining wage and salary incomes.

I've been accused of being a Marxist, yet while Harpo's my favourite, it's Groucho I'm always quoting. Odd, that.
by BruceMcF (agila61 at netscape dot net) on Wed Mar 24th, 2010 at 10:42:37 AM EST
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Re: What really caused Japan's Lost Decade? (4.00 / 2)
Wealth capture is not wealth creation.

The brainless should not be in banking -- Willem Buiter
by Carrie (migeru at eurotrib dot com) on Wed Mar 24th, 2010 at 10:53:32 AM EST
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Re: What really caused Japan's Lost Decade? (none / 0)
But the wealth capture was slowed or halted when the financial crisis put the brakes on the real economy, only to be restored as the real economy started going again.

After all, labor markets are too slack at the moment for wealth capture to require putting the brakes on the real economy.

I've been accused of being a Marxist, yet while Harpo's my favourite, it's Groucho I'm always quoting. Odd, that.

by BruceMcF (agila61 at netscape dot net) on Thu Mar 25th, 2010 at 12:06:38 AM EST
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Re: What really caused Japan's Lost Decade? (none / 0)
Not only business class, but also so the called "labour parties." "The middle class" is the worst of them all.
by kjr63 on Wed Mar 24th, 2010 at 01:26:19 PM EST
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What really caused Japan's Lost Decade? | 54 comments (54 topical, 0 editorial, 0 hidden)
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