- "Japanification" is the process of other countries' economies becoming like that of Japan: flatlined, with little to no growth or inflation and interest rates stuck at zero indefinitely.
- Because of the Monetary Death Spiral process that I've described elsewhere, many countries around the world are undergoing the process of Japanification.
- With interest rates now stuck at zero for the long haul and the Fed focused on employment above all else, the US has now completed the process.
- I go through nine economic metrics to show how the United States is walking down the path of Japan.
For further details see:
The Japanification Of The United States Is Complete