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Strategies & Market Trends : The Residential Real Estate Crash Index

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To: ChanceIs who wrote (131655)7/2/2008 8:17:28 AM
From: Paul KernRead Replies (1) of 306849
 
have heard stagnation denied. I have heard the Japanese Lost Decade denied. I think that they both apply.

There was no FAS 157 so the Japanese banks never wrote down their terrible real estate investments. They still haven't.

We were the world's biggest creditor nation. Now, we're the biggest debtor nation. I have no idea how this will play out. Has the U.S. become "too big to fail"?
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