MarkHarvey on Nostr: #Bitcoin bear markets are tough, but they have nothing on Japanese markets. In the ...
#Bitcoin bear markets are tough, but they have nothing on Japanese markets.
In the late 80's, Japan experienced a major bubble in stocks and real estate. Japanese stocks (the Nikkei 225) peaked on December 29, 1989, then had an awful drawdown of 82% over a 20 year period.
Today, the Nikkei 225 is working its way back to the levels it was at the peak of the bubble. A cool 33 years later.
Published at
2023-07-16 16:06:26Event JSON
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"content": "#Bitcoin bear markets are tough, but they have nothing on Japanese markets.\n\nIn the late 80's, Japan experienced a major bubble in stocks and real estate. Japanese stocks (the Nikkei 225) peaked on December 29, 1989, then had an awful drawdown of 82% over a 20 year period. \n\nToday, the Nikkei 225 is working its way back to the levels it was at the peak of the bubble. A cool 33 years later. https://cdn.nostr.build/i/ddfc70ba79506ea250761d9094f8431ecb397f8bd3bdba816d633f367febb6cf.jpg ",
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