Friendly reminder that we are currently engaging in monetary policy like the Japanese were in the 90's before their lost decades.
The **Japanese asset price bubble** (バブル景気, *baburu keiki*; lit. 'bubble economy') was an [economic bubble](https://en.wikipedia.org/wiki/Economic_bubble) in [Japan](https://en.wikipedia.org/wiki/Japan) from 1986 to 1991 in which [real estate](https://en.wikipedia.org/wiki/Real_estate) and [stock market](https://en.wikipedia.org/wiki/Stock_market) prices were greatly inflated.[^(\[1\])](https://en.wikipedia.org/wiki/Japanese_asset_price_bubble#cite_note-1) In early 1992, this price [bubble burst](https://en.wikipedia.org/wiki/Lost_Decades) and the country's economy stagnated. The bubble was characterized by rapid acceleration of asset prices and [overheated](https://en.wikipedia.org/wiki/Overheating_(economics)) economic activity, as well as an uncontrolled [money supply](https://en.wikipedia.org/wiki/Money_supply) and [credit expansion](https://en.wikipedia.org/wiki/Credit_expansion).[^(\[2\])](https://en.wikipedia.org/wiki/Japanese_asset_price_bubble#cite_note-okina-2) More specifically, over-confidence and [speculation](https://en.wikipedia.org/wiki/Speculation) regarding asset and stock prices were associated with financial policy deemed to exacerbate them.
Who ready for the 50% haircut on their portfolio and the decades it will take to break even?