The Phaserl


The US Post Bubble Economy – Worse Than Japan’s?

by Pater Tenebrarum,

A Comparison by ECRI

A few more charts published in the chart round-up at Business Insider have caught our attention. One was a comparison of economic growth and employment in Japan after the the asset and credit bubble of the 1980s burst with the same data in the US over the five years following the 2008 crisis, which marked the end of the Fed-induced housing market and mortgage credit boom. The chart below has been created by Lakshman Achuthan of the Economic Cycle Research Institute (ECRI), who incidentally has undergone a remarkable transformation in recent years from a ‘glass half full’ man to someone who has a very pessimistic view of the US economy (as an aside, Achuthan also harbors a refreshing conviction that interventionism is doomed to fail).

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