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How the U.S. Financial Crisis Resembles Japan’s 'Lost Decade' - And How to Play It, Part II

Mr.Patalon, interesting articles. But when comparing Japan's "lost decade" to our own situation at present, aren't you leaving out one very important difference? Technology. Last time I checked the US was still the leader in Tech. Who else even comes close? And that can make a big difference as it fosters dynamic innovation and advances in almost all areas and industries.

Of course, if we don't start exploiting our own bountiful natural resources PRONTO and start on the road to energy independence NOW, all bets are off. And your doomsday scenario may very well come to pass for the US. That would be a pity but I don't think our politicians get the urgency.