Japan: Up or Down?

[Chris Beggy]

Henry C.K. Liu wrote:
> 
> 
> Stiglitz and Krugman are both selling snake oil (quoting the Japanese) and are
> merely doing the "if A does not work, how about B or C or A+C?"  They haven't a
> clue on how to make Asia recover.  The fact is Asia will not begin to recover
> before the US economy stops exporting deflation to feed its own bubble.  The

             ^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^
> beginning of global recovery will come after the US economy crashes.  The longer
> the US bubble hold, the more severe the global pain when it comes.  And if the
> pain is severe enough, neoliberalism may well be the casualty.
>

 
I haven't heard this before, and it sounds interesting.  In the 1980's a 
criticism of Japan was that it was exporting unemployment to its trading 
partners.  How does the US export deflation?

Chris