I've got your picture of me and you
You wrote "I love you" I wrote "me too"
I sit there staring and there's nothing else to do
Oh it's in color Your hair is brown
Your eyes are hazel And soft as clouds
I often kiss you when there's no one else around
"Turning Japanese" means going squinty-eyed in a moment of self-gratification. Which makes it all the more appropriate that the United States is turning Japanese as a result of decades of debt-fueled self-gratification. Dr. Takafumi Sato elaborates.
As the good doctor points out, there are differences between the U.S. 2000s bubble and the Japan 1980s bubble... not all of them favorable to the United States. Japan remains, in my opinion, the best road map for where the U.S. is headed. That may be optimistic, as Japan's bubble bursting did not cause or coincide with a global recession/depression. And for those who look for a quick rebound in the equity markets, notice that the Nikkei is still down 78% nineteen years after the peak. Dow 3500 in 2025? What's that going to do to your retirement plan?