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Could interest rates go to 2% - Great 25 year Japan housing chart
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2011 Jul 14, 10:26am 1,354 views 1 comment
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2011 Jul 14, 10:37am
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2011 Jul 14, 10:37am
>keynesian economics
half-assed keynesian economics.
Though my job in Japan from 1996-2000 was indirectly paid with Japanese "stimulus" spending in science & technology.
The government gave free money to Kawasaki, Hitachi, Honda etc and they hired subcontractors to do work for them with that money.
I've long thought that 2% mortgages are possible here. Which made buying a more compelling case, since it's always better to be long the market before the rules change in buyers' favor like that.
a href="http://www.dailywealth.com/1786/Could-Mortgage-Rates-Fall-50-From-Here-">
The article outlines some of the interesting information. Japan went through exactly the same things we have; stock market bubbles, massive housing bubble, keynesian economics and ultra low interest rates for years. A couple minor differences; they don't/didn't have the world's reserve currency and their own citizens actually save money and buy government debt. Oh yeah, they're thinner and they speak a less popular language but make Godzilla films...
#housing