Rick Lowe
If you had any doubts before, read this tale about Japan...
Hat tip to JD for sending this along.
Urgent Lessons from Japan
by Martin D. Weiss, Ph.d. for Money & Markets.
Imagine a world where the economy never emerges from recession.
Imagine a time and place in which economists talk first of a double-dip recession, then about a triple-dip recession … and ultimately admit the dire reality of a long, multi-decade depression.
Imagine chronically high unemployment, overwhelming government indebtedness, shrinking population, spreading poverty — even growing rates of homelessness among college graduates.
Think about a 20-year period in which stock investors continually lose fortunes and retirees get nearly zero income on their savings, with no end in sight.
Read the rest here...
