Quote:
Originally Posted by Mccree
Did not the Japaneses Banks for thru something like this a few year ago? I am wondering how that worked out for them now.
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Well there was the 1997 Asian Financial Crisis:
http://en.wikipedia.org/wiki/Asian_financial_crisis
But Japan itself had (has?) its own problems before that after its own famous housing bubble, The Japanese Asset Price Bubble:
http://en.wikipedia.org/wiki/Japanes...t_price_bubble
(^ One of the most famous bubble/busts in modern financial history, until now at least.)
In some ways this is a combination of both, at the same time, involving far far more money.
The Japanese market parallel is a scenario I mentioned in the Real Estate Prediction Thread a couple months ago.
Oh, and it has yet to REALLY work itself out in Japan either, although obviously some balance/bottom was found in those markets. The problem is that they have been waiting 19 years for inflation to slowly eat away from the markets what the initial crisis was prevented from doing so.
Claeren.