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This is the definitive study by Societe Generale of the economic condition in US, UK, and Europe and whether there’s parallel compared to Japan’s lost decade. The main point of the report is that while there are several familiarity between US, UK, and Europe’s economy today compared to Japan’s circa 90s, the central bank and the government’s report during the 2008 crisis is swift and broad – unlike the muted response by Japan’s central bank at the time.

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A nice summary of the PDF can be viewed here.

(via zerohedge).