Charlie Munger says we're starting to look (economically) like Japan, and that could be trouble

[marmar]

Berkshire Hathaway Vice-Chairman Charlie Munger said Monday the U.S. is looking more like Japan given the prolonged low-interest-rate environment.

"I strongly suspect it was massively stupid for our government to rely so heavily on printing money and so lightly on fiscal stimulus and infrastructure," Munger told CNBC's "Squawk Box."

Japan has struggled mightily to come off its economic funk and, earlier this year, in an unprecedented move the Bank of Japan implemented negative interest rates.

"It surprised all the economists of the world," Munger said. ...............(more)

http://www.cnbc.com/2016/05/02/charlie-munger-says-were-starting-to-look-like-japan-and-that-could-be-trouble.html