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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum
GLD 414.48+0.7%Jan 9 4:00 PM EST

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To: energyplay who wrote (46502)2/17/2009 6:58:29 PM
From: TobagoJack  Read Replies (3) of 219230
 
just in in-tray

let's take a brief look at Japan, shall we? i believe it has just suffered a GDP decline of nearly 13% annualized.

so this, the poster boy for Keynesian stimulus spending and incessant money printing by the central bank, has gone from depression to stagnation and right back into depression again. it's not an event in the distant past that can be distorted by courtier historians to fit the political agenda of the moment - it is and has been happening right before our own eyes over the past two decades.

There are those that dispute that these policies are harmful in theory (a difficult enough endeavor, but just look at Paul McCulley of PIMCO - he keeps spouting the very same stuff he spouted in the 2000-2002 downturn already, in spite of the totally obvious and utter failure of the policies then implemented with his hearty approval; he will not consider for even a second that he might be wrong in terms of theory already. Somehow, there must have been a flaw in the implementation of the grandiose 'plan'.

Well, it's bad theory, since if it weren't, there would be some success in practice. But here we are, and what do we have? A complete disaster in practice as well!

What more is needed by way of proof?
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