The Lost Decade graphicI wrote a story in The Big Money today talking about this idea of a “Lost Decade.” If you’ve noticed this meme in the news, you’ll know it comes from the idea that Japan, who had their own credit and housing crisis in the early 90s, so mismanaged their response that they suffered from a lost decade of economic stagnation.


Everywhere I turn today, people are talking about staving off an American lost decade. But, if you just look at the end result of the past ten years, didn’t we already have one? And might it not help our own bailout efforts to acknowledge this fact? I think so:


Lost Decade? We Just Had One | The Big Money.