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Old 10-06-2008, 08:03 PM
 
2,539 posts, read 2,380,602 times
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This happened in Japan 20 years ago, their government didnt let the banks fail and they had 20 years recession

 
Old 10-06-2008, 08:46 PM
 
Location: Raleigh, NC
9,043 posts, read 11,595,678 times
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Yep. Japan even had the advantage of being a creditor nation as well as a highly efficient engine of production.
 
Old 10-06-2008, 08:53 PM
 
Location: Oakland, CA
190 posts, read 398,418 times
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...and we are/have neither, so it looks like we're in for exponentially more pain than Japan.
 
Old 10-06-2008, 08:54 PM
 
Location: Raleigh, NC
9,043 posts, read 11,595,678 times
Reputation: 1392
Quote:
Originally Posted by Jaymum View Post
...and we are/have neither, so it looks like we're in for exponentially more pain than Japan.
Zimbabwe is more of a stretch, but Argentina looks like the ticket.
 
Old 10-07-2008, 12:19 AM
 
394 posts, read 452,635 times
Reputation: 87
Do you guys think we will go down the same path?
 
Old 12-22-2008, 08:01 PM
 
Location: Road Warrior
2,015 posts, read 5,004,825 times
Reputation: 798
Quote:
Originally Posted by whatnamecanido View Post
Do you guys think we will go down the same path?
free-market goes through cycles to correct itself, too much government intervention does not allow for it to correct itself, in result there is a prolonged recession over the natural cycle which is a bust and then a boom. The legendary entreprenuer, Jim Rogers probably explains it best "Fire Bernanke!"


YouTube - Jim Rogers: Why would anybody listen to Bernanke?
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