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Strategies & Market Trends : Strictly: Drilling II

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To: Sharp_End_Of_Drill who wrote (4539)11/28/2001 1:21:19 PM
From: Jacob Snyder  Read Replies (2) of 36161
 
re: Japan has been in a depression for 10 years:

You must be using a non-standard definition of depression. The change in GDP for Japan, has been slightly positive, or slightly negative, for 10 years. That meets the definition of stagnation, or a series of recessions. It does not meet the commonly accepted definitions of depression. Their economy has gone nowhere, they are no longer the growth engine they were for a couple of generations. But their economy hasn't collapsed. They have displayed an inexhaustable and amazing ability to finesse all problems, and they may be able to continue doing so, indefinitely.
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