Friday, February 11, 2011
Chart of The Day: Reserve Bank Credit Outstanding - Japan vs USA
The USA's Federal Reserve balance sheet credit explosion, which began soaring in 2008, looks ominously identical to Japan's.
The credit explosion was unable to repair the economic malaise in Japan.
Will it work here in the U.S.?
Don't hold your breath...
Labels:
chart of the day,
Credit cycle,
Fed,
Federal Reserve,
Japan
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