Thursday, October 09, 2008

Nikkei 225 Plunges

On 1/1/1984, the Nikkei 225 stood at 9927. Today -- almost 25 years later -- it stands at 8262. So before accounting for dividends, the Nikkei has lost almost 1% a year for 25 years. That is the fate that awaits the US, thanks to our misguided credit policies of the last couple of decades.

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