The bourgoisie worries about the Japanization of the US economy

Doug Henwood dhenwood at panix.com
Thu Mar 29 12:24:12 PST 2001


Michael Perelman wrote:


>Doug, if jiggling interest rates is sufficient to avoid a crisis, you may
>be correct, but if there are deeper structural problems and the stock
>market is just froth on the top .....

Yup, you're right. It's just a major difference in the financial environment bewteen the U.S. today and Japan in 1990.

Doug



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