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Politics : Welcome to Slider's Dugout
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To: jim_p who wrote (9105)4/10/2008 10:35:36 AM
From: Fiscally Conservative  Read Replies (2) of 50767
 
Jim:

You wrote;

"It took Japan a decade to run up $500 billion in losses and were only in the first year of de-leveraging and we are already hearing estimates of $1 trillion in losses."

I do agree with you bearish stance yet am inclined to disagree with the enormity in a comparable relationship with Japan's $500 bil in losses and the U.S's (estimated $1 trillion?),in that the US GDP is far superior than that of Japans and any absorbtion in de-leveraging should not be justification for comparison. Not only that but our de-leveraging is on a global landscape that will be share by more than us. Granted,I realize you might only be trying to show how deep the doo-do truly is.

Japan — GDP: $4.218 trillion (2006 est.)

United States — GDP: $13.13 trillion (2006 est.)
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