huskerbob

Preview from Europe: Market's Random Walk Continues

Thank you for the link to Kobayashi. A quote: "It was a bizarre experience. I felt as if I were hearing USs and British recite the same words Japanese politicians, bureaucrats, and bank officials had repeated so many times during the first half of the 1990s."
Here is someone who has had plenty of time to ruminate on why the Japanese experiment didn't work. Why can't we learn from other's mistakes?