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Now Do Japanofdollarsanddata.com/now-do-japan/
244 sats \ 6 comments \ @brandonsbytes 5 Dec culture
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21 sats \ 4 replies \ @Dash_1971 5 Dec
Another Western blogger who is an expert on Japan after a two week holiday here.
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55 sats \ 3 replies \ @Rothbardian_fanatic 5 Dec
Another expert that knows sh*t. Horses and deer!! Bakairo!
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41 sats \ 2 replies \ @cryotosensei 5 Dec
You are hilarious 🤣
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21 sats \ 0 replies \ @Rothbardian_fanatic 5 Dec
Forgive them, for they know not what they say.
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21 sats \ 0 replies \ @Rothbardian_fanatic 5 Dec
I liked it, too. I have a lot more where that came from.
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21 sats \ 0 replies \ @Rothbardian_fanatic 5 Dec
The point of the phrase is to show that investing isn’t always easy. This idea isn’t wrong, but using Japan as a counterexample is the highest form of cherry-picking. It uses the worst exception in history to argue against the rule.
What brought the Japanese market tumbling down was the bursting of the real estate bubble in about ‘87. The bubble burst with a suddenness that was unbelievable. Since the banks were using land as collateral, they went zombie, too. The whole economy slowed down. However, since the Japanese people have a very low time preference for money, they kept on saving at extraordinary rates. Perhaps that kept the economy afloat.
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