Could U.S. Become Japan In The 90’s?

(From NakedCapitalism.com)
Posted: 11 Jul 2008 03:28 AM CDT
Blomberg columnist William Pesek plays out a line of thought that may have occurred to some readers: what if the resolution of the credit crisis and global imbalances isn’t a nasty recession or punishing inflation but Japan-like protracted low growth, with stagnant to deteriorating living standards?
This idea may [...]