I've always had a morbid fascination with financial bubbles and the Japanese one of the late 1980s might be the most epic in history (definitely in modern times at least).
"Spectacular" is an interesting word choice.
To be honest, for us on the ground, it just feels like cleaning up a very long party that ended 30 years ago.
But I appreciate your perspective.
It is refreshing to know that someone finds a poetic texture in what I simply call "bad loans."
"Spectacular" is an interesting word choice. To be honest, for us on the ground, it just feels like cleaning up a very long party that ended 30 years ago.
But I appreciate your perspective. It is refreshing to know that someone finds a poetic texture in what I simply call "bad loans."