I watched a Japanese economist on one of the talk shows (can't recall which one) and he was strongly advising against what our country is getting ready to do now. He recommended learning from Japan's mistakes.


>I posted a link to an article this weekend that talked about our recession and compared it with the Lost Decade Japan is coming out of. There are some incredibly scary tangents. Japan did this, Obama wants to do this (the same thing), etc. I don't mean this to be a bash on Obama, but I am surprised that he doesn't look more at history when pushing his ideas.
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>>I was quite surprised to read the other day that the past 10 years have already been the worst 10 year period in the 80 or 90 year history of the U.S. stock market -- including the Great Depression. There have been some good years in the past 10, too. But I guess when you lose 45% of your value in one year, as the market did last year, that tends to drag the average down ;-(
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>>>This current event looks like it will transpire into a decade lost.
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>>>>Jobs lost in recent recessions....