The Residential Real Estate Crash Index Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : The Residential Real Estate Crash Index

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: RockyBalboa who wrote (90960)	9/30/2007 6:47:44 PM
From: Elroy Jetson	Read Replies (2) of 306849

Japan followed the Monetarist advice of the US Fed following their 1990 collapse - and we can see what a tremendous success that has been. In essence Japan has remained mired in an endless economic twilight zone. Charles Rist and Joseph Schumpeter would have advised Japan to let the economic collapse to occur, sending many banks, businesses, and individuals into bankruptcy. After this period of pain, Japan's economy would have rebounded with great resilience. Instead Japan followed the Monetarist policy of make-believe. Let's make believe the capital is still there and intact. We can stimulate debt creation by lowering interest rates to zero, which will make up for the lost capital. I don't think this game of make-believe worked very well. And it won't work any better here in the US. .

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next