Debt Deflation

Dennis Robert Redmond dredmond at efn.org
Sat Jul 27 00:16:11 PDT 2002


On Sat, 27 Jul 2002, Peter K. wrote:


> Correct me if I'm wrong, Japan had a real estate bubble
> which popped and caused all sorts of problems.

Corporate real estate, especially speculative buildings in the downtowns; lots of builders and construction firms went to the wall. Japan never had an actual housing bubble, in the sense of too many private homes.

-- Dennis



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