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Debt Deflation

Mike Shedlock (Mish) has an excellent lengthy discussion on the possibility of the U.S. following something like the path of Japan here.  I don't have time to do an analysis of all that is covered, but I hope you have time to read what Mike has put together.  I briefly discussed some differences between the Japanese experience and ours yesterday (here).  Mish goes much deeper into the subject and comes to some conclusions that contradict mine.

Hat tip to Phil's Stock World (here).