Thread: U.S. Faces Second Lost Decade Because of Misguided Stimulus

U.S. Faces Second Lost Decade "Because" of Misguided Stimulus

Japan has gone through two lost decades, in and out of deflation, with nothing to show for it but increasing debt to GDP and a stock market still 70% below its peak.

Now, Richard Koo of Nomura Research Institute Ltd. says U.S. Risks Japan-Like ‘Lost Decade’ on Stimulus Exit. http://www.bloomberg.com/apps/news?pid= ... 682ThUSwY4

U.S. officials contemplating an exit from record fiscal stimulus are in danger of repeating mistakes that plunged Japan into its lost decade of stagnant growth, according to Richard Koo of Nomura Research Institute Ltd.

“This isn’t a cold, its more like pneumonia,â€

U.S. Risks Japan-Like ‘Lost Decade’ on Stimulus Exit, Koo Says

By Jason Clenfield and Norihiko Kosaka

Oct. 23 (Bloomberg) -- U.S. officials contemplating an exit from record fiscal stimulus are in danger of repeating mistakes that plunged Japan into its lost decade of stagnant growth, according to Richard Koo of Nomura Research Institute Ltd.

“This isn’t a cold, its more like pneumonia,â€