Nip / Tuck

Nice guys, those plastic surgeons.With every one trying to pay down debt, we’re trapped in a vicious cycle.  If we’re all getting liposuction, eventually there’s no need for plastic surgeons.  So, it’s great that we’re on a diet and everything – suddenly concerned about our past excesses.  And it’s okay that we want to look good.  But how do we maintain that healthy weight?  How do we stop our anorexic spiral?  And what about those poor surgeons?

I know – weird analogy, but it’s what came to me.  Richard Koo, the Chief Economist at the Nomura Research Institute (part of one of Japan’s major conglomerates that includes Japan’s best known, eponymous securities firm), did a presentation last month that has been floating around the economic dens of iniquity.  There has been much talk for a while about the “balance sheet recession” that Koo describes.

With all of the talk about Japan’s lost decade, and how the current crisis has so many similarities, Koo lays out a comparison very nicely.  He even tosses in some Asian vaqueros by the names of Yin and Yang (one wears a white hat, the other a black one).

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Published in: on April 10, 2009 at 15:30  Comments Off on Nip / Tuck  
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