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Thursday, January 22, 2026

Economist Richard Koo: U.S. Debt & Deficits Mean We’re Becoming Japan

Economist Richard Koo: U.S. Debt & Deficits Mean We’re Becoming Japan (VIDEO)

Courtesy of The Daily Bail 

Video: Nomura Chief Economist Richard Koo

Tip to Gregory White:

  • 3:00 The U.S. should be seeing 3 or more bubbles with all the interest rate stimulus.
  • 3:50 Bankers not lending money is front page news, but when borrowers are not borrowing its not front page, and that is where we are right now
  • 5:00 Even with 0% interest rates, demand for funds is contracting
  • 7:15 In Japan, the cash flow was significant for companies, but asset prices had collapsed, so companies chose to pay down the debt on their underwater balance sheets
  • 9:55 This situation is called a "balance sheet recession;" prior to Japan, the last significant example of this is the Great Depression
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