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Posts Tagged ‘gray crime’

Are We Turning Japanese?

Posted by Larry Doyle on March 21st, 2009 4:08 PM |

Many market participants and economists are very concerned that the United States has made many of the same economic blunders experienced by Japan during the 1990s. Japan experienced a period known as “The Lost Decade.”

Are decisions now being made in Washington a precursor to a similar scenario here in the United States? Many people think so. A friend shared a piece which highlights some of the major social and economic problems in Japan. Obviously the United States has a far different culture, society, and economic base than Japan, but will our fiscal deficits and our current policies lead us in the same direction as Japan? This piece, written by Tom Dyson, touches upon some of the social and economic dynamics at work in Japan. I think it will cause you to pause and reflect on our situation here in the United States. Are we making decisions and enacting policies which will cause a similar outcome? (more…)

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