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A comment on Japan's Nikkei Posts Biggest Single-Day Fall Since 1987 After Weak U.S. Data. Parent comment

Re:Japan's Nikkei Posts Biggest Single-Day Fall Since 1987 A... by adammarples on Monday August 05, 2024 @07:10AM (#41160064)
There will. It is absolutely necessary to occasionally have some form of recession to rebalance capital towards productive ends. Not allowing this to happen since 2008 has caused its own problems.
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Re:Japan's Nikkei Posts Biggest Single-Day Fall Since 1987 A... by Der_Einzige on Monday August 05, 2024 @08:03AM (#41160479)
High interest rates do it for you and don’t guarantee a recession.
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Re:Japan's Nikkei Posts Biggest Single-Day Fall Since 1987 A... by borggambit on Monday August 05, 2024 @08:28AM (#41160684)
It is like the Mexican restaurant near me that has never come back to the business it was doing before covid.

The business is completely dead and just hanging on. People would view the business going under as negative but right now it is a complete waste of resources and the owner's life.

I suspect there is a staggering amount of business in this exact situation but we don't seem to believe in creative destruction as a society anymore.

Floating all these zombie businesses is just tinder for a larger fire that is harder to put out than it should be. No real shock the spark would be a yen carry blow up. I have seen this episode before.

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