The bourgoisie worries about the Japanization of the US econo my

Seth Ackerman SAckerman at FAIR.org
Thu Mar 29 12:20:14 PST 2001


Doug Henwood wrote:


> Like I said before, though, one big difference is that the BoJ kept
> raising rates for over a year after the Japanese stock market peaked
> on the last trading day of 1989; the Fed has been easing pretty
> aggressively.
.

We'll see if that continues to be the case in the event the dollar takes a major hit.

Seth



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