Quote:
Originally Posted by Tri-ring
I was watching a Japanese commentary program this morning showing the eerie similarity of the Japanese bubble burst of the 90's.
The Japanese government at the end inject 350 billion dollars to regain confidence back to financial institutions with major banks going bankrupt left and right which have not been recovered till this day. There are still problems but Japan was able to make it through because of a strong export industry.
I wonder how the US(and I don't mean just the government) is planning to regain confidence back to it's finacial institution without federal fundings?
I can say one thing major central bank already have little confidence in the FRB and the US federal government inept to show initiative and congress is just spreading the wound.
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We also lack "a strong export industry" ... there's not much we "make" anymore other what are proving to be less than stellar ideas about how law and business should work.