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Tuesday, April 12, 2011

GMO white paper on the potential of another lost Japanese decade

GMO's Ed Chancellor has a nice peice out on common perceptions, or rather misperceptions, about Japan that prevailed before the latest crisis. He talks about demographics, deficits, deflation and corporate decline. It is interesting to take this in perspective with some of the arguments we have seen from people like Kyle Bass of Hayman Capital (for those who have forgotten please check out Hayman Capital's Q4 letter.

I am always a fan of getting more data on the Japan situation especially as I think they provide interesting lessons for an already over levered United States. Without further delay, enjoy:

Ed Chancellor Another Lost Decade from Japan

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