Nomura economist Richard Koo is out with a new presentation given at the Institute For New Economic Thinking in Berlin.
Koo is, of course, an expert on the great lost decades of Japan, and he's broken new ground in understanding the unique nature of balance sheet recessions.
His new presentation looks at the current state of the global economy, what's been tried to jump start things, what's worked, and what hasn't.
Let's get started ...
Housing is looking very Japanese
So is commercial real estate
No amount of rate cutting will help the real estate market (or even jobs)
The US economy is still well below the previous peak
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