On CNBC's Fast Money today, John Mauldin described the Japanese economy as "a bug in search of a windshield". In the next 18 - 24 months, Mauldin predicts that the Japanese economy will implode. No one will lend Japan money at reasonable interest rates and the Yen is going "into the tank".
The video above provides a pretty clear statement of the prediction that Japan will not recover. Coupled with my last post (here), hopefully it will be interesting to see what forecasting models might have to say.
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