Richard Koo, the world-renowned chief economist of Nomura Research Institute, discussed the lessons learned from Japan’s “lost decade” during a presentation at Center for Strategic and International Studies (CSIS). During his discussion, Koo suggested that government stimulus can play a key role in alleviating the problems of a balance sheet recession. Koo’s recent book, “The Holy Grail of Macroeconomics: Lessons from Japan’s Great Recession”, discusses these issues in greater detail.
Everything is on such a clear financial basis in France. It is the simplest country to live in. No one makes things complicated by becoming your friend for any obscure reason. If you want people to like you you have only to spend a little money. I spent a little money and the waiter liked me. He appreciated my valuable qualities. He would be glad to see me, and would want me at his table. It would be a sincere liking because it would have a sound basis. I was back in France. — Ernest Hemingway, The Sun Also Rises
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WSJ's What's News Late Edition, February 8, 2010by The Wall Street Journal 8 Feb 2010 at 4:44pm
The Dow Jones Industrial Average closes below 10,000 for the first time in three months; Toyota is getting ready to recall thousands of its Prius Hybrid models; Federal Reserve Chairman Ben Bernanke will lay out a pla...
Jeffrey Saut Daily Audio Comment Raymond James
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