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View Diary: America Turning into Japan (89 comments)

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  •  Yep, made this observation back in 2000 (0+ / 0-)

    I could see the long cycle setting up.  I don't foresee the market doing much in the coming decade, and I expect income inequality and wealth disparities to continue to escalate.  I traded the bounce in the mid 2000's with my retirement accounts, then got back out.  Still don't see a re-entry point.  

    The highest income portions of society naively believe they are exempt from this sort of economics, but they are not.  They take their lumps later in the cycle.  Each tranche is learning that now...slowly.  The sooner we go after their sacked loot, the better.

    The areas we seem to differ with Japan is that immigration and natural resources should help us reinflate eventually.

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