The chance of JP like 10Y long recession is low because

Afterall, Most of the world's assets are still priced in terms of USD and most resources are still controlled in the hands of US government and corporations. There is really no any one nation that is on top of US at this moment. USA is still the only tiger or lion in the mountain. He can get itself into recession, he has the freedom to get itself out too. Japan was basically handcuffed by a stronger USA therefore Japan's leverage is much less. Japan's recession was triggered by the USA.

China is only shallowly strong. But deep inside, no matter you talk about financial control, world currency control and energy and resource control, China is very weak and vulnerable.

Therefore, I don't think USA will go through Japan like recession.

所有跟帖： 

• Really? :) -山高月小- ♂ (0 bytes) () 03/18/2008 postreply 09:01:44

• Yes, very certainly :-) -miat42- ♂ (0 bytes) () 03/18/2008 postreply 09:04:38

• To be more direct: This is still the game that USA designed -miat42- ♂ (561 bytes) () 03/18/2008 postreply 09:12:03