Japan 1990's real estate bubble recovery vs US 2009 real estate bubble recovery
by Ben Nicolas
on Monday, February 16th, 2009 at 6:03pm.
Interesting article comparing Japanese economic recovery after real estate bubble in the 1990s that lead to severe recession and long period of deflation and decling asset values to current US economic crisis. Lots of interesting parallels. Hopefully we can learn from history and avoid some of the mistakes the Japanese government made...