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Strategies & Market Trends : Mish's Global Economic Trend Analysis
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To: Knighty Tin who wrote (30800)5/26/2005 10:08:54 AM
From: Elroy Jetson  Read Replies (2) of 116555
 
A massive highway and public works program is exactly what our Fed and leading Monetarist economists recommended for Japan.

And look at how well it worked out for them.

Japan's government debt, relative to their GDP, is now triple that of other industrialized nations. Their public works spending program has maintained their economy in a stable economic depression for the past fifteen years. How can you argue with that?

By the way. How can you tell that the real estate bubble has reached Japan? Because real estate prices bubbled up 0.2% last year after real estate had declined each year for 13 straight years.
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