Japan’s and Our Economic Woes

                   

The Japanese Nikkei Stock Average is still sharply off its 1989 peak.

The Japanese economy has been flat and practically dormant for over the past twenty-odd years. This has been the case despite huge Japanese government spending.

                       

The problem for the U.S. is that the administration has been on a wild run to “stimulate” the American economy, much the same way the Japanese first attempted over two decades ago, to spend a way to prosperity.

                       

Fortunately for them, the Japanese do not have a global reserve currency to protect, as the U.S. does,(See the Earl J. Weinreb NewsHole® comments and @BusinessNewshole at Twitter.)