I voted for Other. I think Japan's relatively high holhesoud savings really helped them during the Lost Decade, and combined with decent social safety nets (especially healthcare), helped keep Japan from turning into a Depression. Now, the US has better safety nets than the 1930s, but we still have a very low savings rate, huge healthcare issues, and massive amounts of holhesoud debt. I think we are going to experience a very painful period of stagflation. Meaning, the cost of consumer goods will rise as the Fed keeps the printing presses working overtime and the value of the dollar plummets , and wages will continue to fall because of unemployment and lower revenues.It's a vicious cycle. Rate this comment: 0 0

by Dimych 02:29:17 AM 2013.03.14