Wednesday, September 03, 2008

SEPT CONTRARY ONLINE

http://contraryinvestor.com/ Lots of reference made to today in US and 1990's (til current?) in Japan, and how the HOUSING BUBBLE BURST and brought on deflation in Japan.

The Government fought tooth and nail to almost no avail, but were able to use SAVINGS instead of OUTSIDE monies. In the US we have virtually NO SAVINGS so we have needed the kindness of strangers.

D

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