I'm talking about the state of things 2,3,4 or 5 years from now. Sure the next 6-12 or 18 months may or may not be disastrous. But once the panic clears and the interest rates lead to spending again, history has shown that assets inflate.
No Japan has been an exception and maybe we are all doomed Japan style but using history as a guide, 3,4 or 5 years from now we will be wondering what all the fuss was about.
