Showing posts with label japan housing crash. Show all posts
Showing posts with label japan housing crash. Show all posts

September 20, 2007

I bet the Japanese thought lowering rates to near zero would help avoid a stock and housing meltdown. Didn't quite work out like that




The Japan crash was child's play compared to this epic Ponzi Scheme. And for those out there calling "soft landing" (if there's any of those idiots still left), thinking Ben's panicked 1/2 point cut will help end the crisis, or thinking that we'll "bottom out" in just a few months, got some advice for ya.. Look to Japan. And pass the ramen noodles please.