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Thoughts from the Frontline
I first wrote about the Muddle Through Economy in 2002, and the term has more or less become a theme we have returned to from time to time. In 2007 I wrote that we would indeed get back to a Muddle Through Economy after the end of the coming recession. If you Google the term, at least for the ...
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The Glide Path Option
The Big Picture — ... Japan elected to run large deficits and raise taxes. As I wrote in the October 16th letter (http://www.2000wave.com/article.asp?id=mwo101609), “Savings equal Investments: ...

The Glide Path Option
GoldSeek.com — ... in Tokyo was worth more than all of California. Clearly this was a bubble that puts our housing bubble to shame. So, I understand the point that there are differences between Japan and the US . But there are also similarities. We too have had a balance sheet recession, although here it was mostly individuals and financial institutions that have had to retrench and repair their balance sheets. Japan elected to run large deficits and raise taxes. As I wrote in the October 16th letter ( http://www.2000wave.com/article.asp?id=mwo101609 ), "Savings equal Investments: GDP (Gross ...

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