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Nipponomics

Low growth, low inflation, low interest rates. The Japanese economy writ large? I think that's what's going to happen for the next few years. The credit squeeze and the fall in home prices is going to shrink the nominal values of everything in the economy. There's going to be a rise in unemployment and a lack of investment, keeping the demand for money and interest rates low. I think I'm going to invest in healthcare because expenditure in healthcare is more inelastic and there's still a tremendous amount of innovation happening in the healthcare sector.

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This page contains a single entry from the blog posted on October 27, 2008 9:19 AM.

The previous post in this blog was The Bankruptcy of GM and Ford.

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