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Will three arrows find their target? : Comments
By Andrew Leigh, published 6/6/2013Japan’s nascent recovery could still go awry, as the recent downtick in the Nikkei has reminded us.
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i.e., Profit graphs that have to always grow along with the often hugely overvalued over-leveraged corporate empire!
As for the recovery?
Well as long as we have around 64 trillions of unowned debt, circulating through many economies, this and any other recovery remains extremely fragile and at interminable risk for at least a decade or more.
The Japanese, of all people have a highly successful post war model, of how to, create a recovery!
The mystery remains, why they have yet to implement it!?
Ideological constipation perhaps?
Rhrosty.