Seems like yesterday that everyone wanted to emulate the Japanese.
The Nikkei stock index is down 78 percent a little more than 22 years after its peak at the end of 989. Imagine the U.S. equivalent – the S&P500 at 343.61 in 2029.
What an incredible to testament to the civility of the Japanese people. Hard to imagine peace in the street in the U.S. in similar circumstances.
(click here if chart is not observable)
Global Macro Monitor 
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