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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? (none / 0)
"The dark side of the savings glut" in truth is who has the savings. Were savings distributed more equally it is possible that demand would be higher and there might be more investment opportunities. It would be even better were income more equally distributed, but the one eventually follows the other. And the point about new investment opportunities not having nearly the return of existing is certainly understandable when existing enterprises can largely be characterized as "rent seeking monopolies."

"It is not necessary to have hope in order to persevere."
by ARGeezer (ARGeezer a in a circle eurotrib daught com) on Thu Mar 25th, 2010 at 08:53:32 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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