Relevant and even prescient commentary on news, politics and the economy.

Lost Decade, Redux

By general consensus, Japan’s “Lost Decade” (now in its Third Decade) begins in 1989. The biggest growth difference appears to come from the U.S. period from the Second (1996) Clinton Tax Reform to the 2001 recession—a big if, I grant you, but one that the Gingrich/DeLay-led Republican Party predicted would produce mayhem, and the alternative-history […]

Japanese style economics…lifted from comments

Lifted from comments from Spencer’s post on Productivity and the stock market Dan Becker: Mike Panzer at Financial Armageddon has been on the issue that the “street” is missing all that is going on around them. From his blog: However, I wonder if a new paper, From Keeping Up with the Joneses to Keeping […]