Asset bubbles and economies built on inflated prices are nothing new.  We have many lessons during the Great Depression that reflect boom and bust cycles.  As policy makers try to look at historical references for guidance many are now turning their analysis to the Japanese bubble economy.  Japan serves as a good reference since there … Continue reading Japan Iwato and Heisei stock and housing bubbles – How the U.S. is following in the path of Japan. Real estate lost decade, technology stock market bust, quantitative easing, and mania inducing monetary policy.