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	<title>Bay Area Community Exchange &#187; nomura</title>
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	<description>where the curency is time and everyone&#039;s time is equal</description>
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		<title>What can we learn from Japan</title>
		<link>http://sfbace.org/2010/06/05/what-can-we-learn-from-japan/</link>
		<comments>http://sfbace.org/2010/06/05/what-can-we-learn-from-japan/#comments</comments>
		<pubDate>Sat, 05 Jun 2010 17:20:22 +0000</pubDate>
		<dc:creator>Guillaume Lebleu</dc:creator>
				<category><![CDATA[Uncategorized]]></category>
		<category><![CDATA[deficit]]></category>
		<category><![CDATA[Economy]]></category>
		<category><![CDATA[Japan]]></category>
		<category><![CDATA[nomura]]></category>
		<category><![CDATA[richard koo]]></category>
		<category><![CDATA[USA]]></category>

		<guid isPermaLink="false">http://lebleu.org/blog/?p=401</guid>
		<description><![CDATA[A friend of mine sent me this 2008 video of Richard Koo from Nomura Research Institute in which he presents his theory of &#8220;balance sheet recessions&#8221;. Mr Koo has been consistent with this message, with his presentation appearing in 2009 and 2010, and consistency is something I respect.
Summary
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