U.S. Economy Heading for Japan of the 1990’s or Argentina 2002?

#gallery-1 { margin: auto; } #gallery-1 .gallery-item { float: left; margin-top: 10px; text-align: center; width: 33%; } #gallery-1 img { border: 2px solid #cfcfcf; } #gallery-1 .gallery-caption { margin-left: 0; } The deflationists often talk about the two historic showcases – The 1930’s US depression and Japan’s lost decade of the 90’s. In both of those cases, debt-fueled equity and real estate bubbles were gigantic and exceeded 100% o