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Politics : Formerly About Advanced Micro Devices
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To: bentway who wrote (426963)10/16/2008 2:05:52 AM
From: tejek  Read Replies (1) of 1576178
 
"I don't mean to imply that this is going to last quite as long as what's been happening in Japan. But when they went into their decline in 1990, almost 20 years ago, their people were loaded with savings, but Americans are broke," the hedge fund manager told CNBC.

Yes, but what hurt Japan the most is they let their banks wallow in misery instead of tacking corrective action......closing the worst ones and making the less damaged ones whole again. I think this whole thing is so unique that the future can't be predicted very easily.
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