Sunday, Oct 26, 2008
But it may be too late to undo the damage done by the credit crisis.
CNN: Throwing the bathroom sink at the economy
The Bank of Japan cut its benchmark rate to just about zero and left it there for much of the 1990s. But that did little to end a decade-long economic slump there. Rates in Japan today are 0.5% so Japan also has little room to cut.
Posted by mark @ 07:37 PM (175 views) Add Comment
1 Comment
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1. Fjcruiser said...
Leave behind the evil theories of keynesian pump priming and let the assets reach their real value to the point ones starts buying again.