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Strategies & Market Trends : Mish's Global Economic Trend Analysis -- Ignore unavailable to you. Want to Upgrade?

To: CalculatedRisk who wrote (2032)3/14/2004 9:55:36 PM
From: gregor_us  Respond to of 116555
 
CalculatedRisk: My Shorthand for Japan's Economic Policy

over the past 10 years is described by one word: Cement.

The Japanese have printed Yen and covered the country in cement, in a series of endless public works projects that surely outdoes the programs of FDR (OK--maybe not "outdoes"--but approximates.)

Seems to me war has been one of the surest ways to finally pull an economy from deflationary funk.


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