The Whole World Is Turning Japanese, He Really Thinks So

So says Scott Sumner, here:


Wherever people draw a line, bond yields just seem to plunge right through, to one record low after another. And we know from Japan that they can go even lower. But what does this mean?

It probably means multiple things. ... We are looking at BOTH low inflation and low real GDP growth for many years to come. ... Japan is the future of the world.

"No Economic Recovery Until We Deal With Housing"

They think we're turning Japanese.

So say the boys at Institutional Risk Analytics, here.

Read it.

They are right.

(video here)