A period of feeble economic performance called Japan's “lost decade” resulted.
Unfortunately, the US may be repeating Japan's mistake by viewing our current banking crisis as one of liquidity and not solvency. Most proposals advanced thus far assume that, once confidence in financial markets is restored, banks will recover.
But if their assumption is wrong, we risk perpetuating US zombie banks and suffering a lost American decade.
您已閱讀9%（432字），剩餘91%（4605字）包含更多重要資訊，訂閱以繼續探索完整內容，並享受更多專屬服務。