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Today, the U.S. has an asset bubble comparable to Japan’s in 1989-1990, and so how Japan navigated an exit from their bubble can yield stylized insights on what might be in store for the U.S.
Long term investment – the type that yields a future return - may be the best tonic for real, sustainable growth that creates jobs and lays the foundation for economic strength.
The U.S. has failed to grow. Doubling down on the policies of the past twenty years is a recipe for further failure. It's time to go American School, again.
