Deficits, Bailouts, Stimulus, and Zero Interest Rates

This is a picture of what Japanese Nikkei 225 Index has experienced as a result of 20 years of terrible government policies that involve:

1. massive deficit spending

2. massive government bailouts of politically connected industries

3. gigantic government action labelled as stimulative

4. interest rates near zero for two decades

It is not a pretty picture. The peak was reached in 1990 just under 40,000. Overnight the Nikkei 225 closed at 9369. Can you say.....unfunded pensions and retirement benefits cuts? I knew you could.

Deficits, Bailouts, Stimulus, and Zero Interest Rates