Economic Mindset Won't Change; Depressionary Relapse May Be Coming
from SeekingAlpha.com: by Edward Harrison
When former Morgan Stanley chief Asian economist Andy Xie comments on the United States, he focuses on a bailout nation keen on perpetuating a bubble economy predicated on malinvestment and overconsumption. In this he sees parallels with Japan and its long malaise.
Japan has experienced two decades of economic stagnation since the collapse of the infamous bubble it suffered in the 1980s. The most popular explanations are that Tokyo wasn’t aggressive enough in stimulating the economy after the bubble burst, or that it withdrew its stimulus too early – or both. This line of thinking is popular among elite economists in the US, where it is rarely challenged. But few Japanese analysts buy it…
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http://seekingalpha.com/article/192342-economic-mindset-won-t-change-depressionary-relapse-may-be-coming?source=feed
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