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May 30, 2009 at 1:56 PM in reply to: The past doesn’t repeat but it Rhymes: Lessons from Japans Financial Crisis #407536May 30, 2009 at 1:56 PM in reply to: The past doesn’t repeat but it Rhymes: Lessons from Japans Financial Crisis #407779
Rt.66
ParticipantUS public debt is 61% of GDP. Japan’s public debt is 171% of GDP. Quantitative easing in Japan, QE in the US.
in Japan 20 years and counting and no inflation to speak of aside from brief spurts that quickly retraced.
——————–
Larry Greenberg
“And then there is Japan’s experience. The same inflation fears were voiced when Japan implemented numerous huge fiscal packages in the 1990’s and then instituted a policy of aggressive quantitative monetary easing during the five years to March 2006. The central bank key interest rate has not exceeded 0.5% since August 1995, and public debt is climbing to 200% of GDP, far beyond the U.S. situation. Instead of inflation, Japan remains in a state of deflation.”May 30, 2009 at 1:56 PM in reply to: The past doesn’t repeat but it Rhymes: Lessons from Japans Financial Crisis #408021Rt.66
ParticipantUS public debt is 61% of GDP. Japan’s public debt is 171% of GDP. Quantitative easing in Japan, QE in the US.
in Japan 20 years and counting and no inflation to speak of aside from brief spurts that quickly retraced.
——————–
Larry Greenberg
“And then there is Japan’s experience. The same inflation fears were voiced when Japan implemented numerous huge fiscal packages in the 1990’s and then instituted a policy of aggressive quantitative monetary easing during the five years to March 2006. The central bank key interest rate has not exceeded 0.5% since August 1995, and public debt is climbing to 200% of GDP, far beyond the U.S. situation. Instead of inflation, Japan remains in a state of deflation.”May 30, 2009 at 1:56 PM in reply to: The past doesn’t repeat but it Rhymes: Lessons from Japans Financial Crisis #408083Rt.66
ParticipantUS public debt is 61% of GDP. Japan’s public debt is 171% of GDP. Quantitative easing in Japan, QE in the US.
in Japan 20 years and counting and no inflation to speak of aside from brief spurts that quickly retraced.
——————–
Larry Greenberg
“And then there is Japan’s experience. The same inflation fears were voiced when Japan implemented numerous huge fiscal packages in the 1990’s and then instituted a policy of aggressive quantitative monetary easing during the five years to March 2006. The central bank key interest rate has not exceeded 0.5% since August 1995, and public debt is climbing to 200% of GDP, far beyond the U.S. situation. Instead of inflation, Japan remains in a state of deflation.”May 30, 2009 at 1:56 PM in reply to: The past doesn’t repeat but it Rhymes: Lessons from Japans Financial Crisis #408231Rt.66
ParticipantUS public debt is 61% of GDP. Japan’s public debt is 171% of GDP. Quantitative easing in Japan, QE in the US.
in Japan 20 years and counting and no inflation to speak of aside from brief spurts that quickly retraced.
——————–
Larry Greenberg
“And then there is Japan’s experience. The same inflation fears were voiced when Japan implemented numerous huge fiscal packages in the 1990’s and then instituted a policy of aggressive quantitative monetary easing during the five years to March 2006. The central bank key interest rate has not exceeded 0.5% since August 1995, and public debt is climbing to 200% of GDP, far beyond the U.S. situation. Instead of inflation, Japan remains in a state of deflation.”Rt.66
ParticipantUS public debt is 61% of GDP. Japan’s public debt is 171% of GDP. Quantitative easing in Japan, QE in the US.
in Japan 20 years and counting and no inflation to speak of aside from brief spurts that quickly retraced.
——————–
Larry Greenberg
“And then there is Japan’s experience. The same inflation fears were voiced when Japan implemented numerous huge fiscal packages in the 1990’s and then instituted a policy of aggressive quantitative monetary easing during the five years to March 2006. The central bank key interest rate has not exceeded 0.5% since August 1995, and public debt is climbing to 200% of GDP, far beyond the U.S. situation. Instead of inflation, Japan remains in a state of deflation.”Rt.66
ParticipantUS public debt is 61% of GDP. Japan’s public debt is 171% of GDP. Quantitative easing in Japan, QE in the US.
in Japan 20 years and counting and no inflation to speak of aside from brief spurts that quickly retraced.
——————–
Larry Greenberg
“And then there is Japan’s experience. The same inflation fears were voiced when Japan implemented numerous huge fiscal packages in the 1990’s and then instituted a policy of aggressive quantitative monetary easing during the five years to March 2006. The central bank key interest rate has not exceeded 0.5% since August 1995, and public debt is climbing to 200% of GDP, far beyond the U.S. situation. Instead of inflation, Japan remains in a state of deflation.”Rt.66
ParticipantUS public debt is 61% of GDP. Japan’s public debt is 171% of GDP. Quantitative easing in Japan, QE in the US.
in Japan 20 years and counting and no inflation to speak of aside from brief spurts that quickly retraced.
——————–
Larry Greenberg
“And then there is Japan’s experience. The same inflation fears were voiced when Japan implemented numerous huge fiscal packages in the 1990’s and then instituted a policy of aggressive quantitative monetary easing during the five years to March 2006. The central bank key interest rate has not exceeded 0.5% since August 1995, and public debt is climbing to 200% of GDP, far beyond the U.S. situation. Instead of inflation, Japan remains in a state of deflation.”Rt.66
ParticipantUS public debt is 61% of GDP. Japan’s public debt is 171% of GDP. Quantitative easing in Japan, QE in the US.
in Japan 20 years and counting and no inflation to speak of aside from brief spurts that quickly retraced.
——————–
Larry Greenberg
“And then there is Japan’s experience. The same inflation fears were voiced when Japan implemented numerous huge fiscal packages in the 1990’s and then instituted a policy of aggressive quantitative monetary easing during the five years to March 2006. The central bank key interest rate has not exceeded 0.5% since August 1995, and public debt is climbing to 200% of GDP, far beyond the U.S. situation. Instead of inflation, Japan remains in a state of deflation.”Rt.66
ParticipantUS public debt is 61% of GDP. Japan’s public debt is 171% of GDP. Quantitative easing in Japan, QE in the US.
in Japan 20 years and counting and no inflation to speak of aside from brief spurts that quickly retraced.
——————–
Larry Greenberg
“And then there is Japan’s experience. The same inflation fears were voiced when Japan implemented numerous huge fiscal packages in the 1990’s and then instituted a policy of aggressive quantitative monetary easing during the five years to March 2006. The central bank key interest rate has not exceeded 0.5% since August 1995, and public debt is climbing to 200% of GDP, far beyond the U.S. situation. Instead of inflation, Japan remains in a state of deflation.”Rt.66
ParticipantAre you seeing that money is NOT tight? Are car loans harder to get? Is consumer credit easy to get? Are businesses having unprecedented tough times getting credit?
Home loans have probably just returned to historical and only because the Gov. is funding most of the mortgages, not banks.
Agreed things had to go down to get back to historical norms but car loans and business credit have always flowed. They must flow or the economy suffers hard. Banks do not want to lend money; they are sitting on it just like the Krugman story says. No?
Rt.66
ParticipantAre you seeing that money is NOT tight? Are car loans harder to get? Is consumer credit easy to get? Are businesses having unprecedented tough times getting credit?
Home loans have probably just returned to historical and only because the Gov. is funding most of the mortgages, not banks.
Agreed things had to go down to get back to historical norms but car loans and business credit have always flowed. They must flow or the economy suffers hard. Banks do not want to lend money; they are sitting on it just like the Krugman story says. No?
Rt.66
ParticipantAre you seeing that money is NOT tight? Are car loans harder to get? Is consumer credit easy to get? Are businesses having unprecedented tough times getting credit?
Home loans have probably just returned to historical and only because the Gov. is funding most of the mortgages, not banks.
Agreed things had to go down to get back to historical norms but car loans and business credit have always flowed. They must flow or the economy suffers hard. Banks do not want to lend money; they are sitting on it just like the Krugman story says. No?
Rt.66
ParticipantAre you seeing that money is NOT tight? Are car loans harder to get? Is consumer credit easy to get? Are businesses having unprecedented tough times getting credit?
Home loans have probably just returned to historical and only because the Gov. is funding most of the mortgages, not banks.
Agreed things had to go down to get back to historical norms but car loans and business credit have always flowed. They must flow or the economy suffers hard. Banks do not want to lend money; they are sitting on it just like the Krugman story says. No?
Rt.66
ParticipantAre you seeing that money is NOT tight? Are car loans harder to get? Is consumer credit easy to get? Are businesses having unprecedented tough times getting credit?
Home loans have probably just returned to historical and only because the Gov. is funding most of the mortgages, not banks.
Agreed things had to go down to get back to historical norms but car loans and business credit have always flowed. They must flow or the economy suffers hard. Banks do not want to lend money; they are sitting on it just like the Krugman story says. No?
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