| While interest rates continued to fall and prices have tended, but going into global recession. Long-term stagnation phase is coming this way. |
| Kaneko Masaru, see in the long-term stagnation, the Pax Britannica and Pax Americana says the following have in common with the situation led to long-term stagnation point. Pax Britannica to Pax Americana case case, upon entering a phase of stagnation in the long run, it can be seen from some kind of commonality. First, declining industrial competitiveness at the center of the hegemon of the world economy fell into a persistent trade deficit situation is hegemon begins shaking the international monetary system. Hegemon in the financial business through a capital account surplus, trying to cover it. In the process, the international financial markets Voratirati (of floating) increased, and repeated waves of bubbles and bubble collapse. And while interest rates continued to fall and prices have tended, but going into global recession. Long-term stagnation phase is coming this way. |
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- While interest rates continued to fall and prices have tended, but going into global recession. Long-term stagnation phase is coming this way.
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