Web Extra: Are We Japan?

webxtra_thumb.jpg

Lately we’ve heard a lot of talk comparing the U.S. and Japan. You might remember, their financial system froze in the late ‘90’s.

At the time the Bank Of Japan attempted to jumpstart lending by cutting rates – taking them near zero – and flooding the market with liquidity.

But the plan didn’t work. Are we Japan?

This content is only available online - you won't find these trades on TV.




______________________________________________________
Got something to say? Send us an e-mail at fastmoney-web@cnbc.com and your comment might be posted on the Rapid Recap! If you'd prefer to make a comment but not have it published on our website send your message to fastmoney@cnbc.com.

Trader disclosure: On Dec. 17th, 2008, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s Fast Money were owned by the Fast Money traders: Macke Owns (MCD), (MSFT); Adami Owns (AGU), (BTU), (C), (GS), (INTC), (MSFT), (NUE); Najarian Owns (ENER) Call Spread; Najarian Owns (UYG) And Is Short (UYG) Calls; Finerman's Firm Owns (MSFT), (IBB); Finerman's Firm Owns (OIH) Puts; Finerman's Firm Is Short (IYR), (IJR), (MDY), (SPY), (IWM), (VNO), (FCE.A), (USO)