This could be a preview of what is in store for the United States (certainly the EU).
Debt deflation is something few talk about but it was the first leg of what took the Japanese economy down.
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Well it seems like Japan has an issue since the velocity of money there is kind of bad due to the saving.
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Over the last 30 years, Japan has had all kinds of issues. They hit up on most of the good ones, debt deflation, bank crisis, and demographics.
All of it adds up to 30 years of economic crap.
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