SocraticGadfly: Call us Japan, Inc.

December 02, 2008

Call us Japan, Inc.

JPMorgan Chase U.S. District Judge Vaughn Walker starts his hearing on FISA telco immunity expects the Fed to lower its funds rate to zero in January.

It would be big medicine, for an economy that may contract 4 percent in the fourth quarter. But, is it strong medicine?

The history of Japan says, "maybe not."

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