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Koo April 2010

Koo April 2010

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Published by: zerohedge on Apr 14, 2010
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02/22/2011

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The Age of Balance Sheet Recessions:What Post-2008 U.S., Europe and ChinaCan Learn from Japan 1990-2005
Richard C. KooChief EconomistNomura Research InstituteTokyoApril 2010
 
2
Exhibit 1. US Housing Prices Are Moving alongthe Japanese Experience
 
3
Exhibit 2. Drastic Rate Cuts Have Done Little to ReviveEconomies or House Prices

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