[Pelham]

Deflation, with interest rates nearly at zero. Japan had a twin bubble, stocks and real estate. As long as they refuse to clean up their banking system, and write off bad loans and close bankrupt firms, they're going to continue to stagnate.

[altair]

Deflation

I've heard that described as a problem, but everything is (still) so expensive here. You could cut the price of everything in half and it would still be expensive.

[Nuke'm Glowing]

So when our real estate bubble bursts and the regulators refuse to shut down Rubin's firm, you'll say we're Japan redux?