If you’re my age (I’m moving towards the big 4 Os) or even more senior, you may remember Japan was king in the 80s when they were supposed to soon take over the world ? Well it turned out to be one big giant stock and property bubble that once bursted it took them more than a decade to recover; and judging by the stock index it’s still a loooong way to recovery. Some scholars said the bubble was partly caused by the appreciation of the yen. And there were press stories about chinese scholars warning about not following their footsteps.
Worries over a slow down in the US economy don’t seem to be an every day topic over here. If the public is worried about that I certainly haven’t felt it or at least it’s not headline material yet.
