Japan: America's Lost Decade (2010)
National Inflation Association
Every day seems worse than the previous day. Five hundred thousand people are getting laid off every month. Our banking system is on life support. Retailers are going bankrupt in record numbers. The stock market keeps descending. Home prices continue to plummet. Home foreclosures keep mounting. Consumer confidence is at record lows. You would like to close your eyes and make it go away. Not only is the news not going away, it is going to get worse and last longer than most people can comprehend. The Great Depression lasted 11 years, but the more pertinent comparison is Japan from 1990 until today. A two decade long downturn has a high likelihood of occurring in the United States. There are many similarities between the U.S. and Japan, but in many areas the U.S. has a much dire situation. If the next decade resembles the Japanese experience, there will be significant angst and social unrest. Source: http://www.marketoracle.co.uk/Article8541.html
Date Added: 11 years ago.
Will the U.S. economy experience hyperinflation or deflation like Japan? The National Inflation Association is pleased to announce that it has released a video report about Japan's "Lost Decade" of deflation and how it relates to the U.S. economy. 'Japan: America's Lost Decade' is the most comprehensive video ever produced about Japan's deflationary crisis of the 1990s. It proves that America is more likely to experience hyperinflation this decade and not deflation like Japan.
NIA's new movie is 12 minutes long and goes over all of the most important economic facts and statistics about the Japanese economy of 1990, the year in which they passed peak consumer spending. The American economy has just passed peak consumer spending. Be sure to watch 'Japan: America's Lost Decade' to find out the major similarities and differences between Japan of 1990 and the U.S. of today.
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