Almost half of US's Stimulus - bane or boon?

Japan is such a worry for the world currently as much for its own leaders. Radiation leaks into air, water and materials can find its way into almost everything from grains, vegetables, animals, meat, milk, sea food, fruits and finally into human beings over time indirectly and without warning as people may be taking in smaller quantities over time, what could prove to be highly risky or even fatal. Hypothetical as that may sound, there is nothing hypothetical about the thousands of lives lost and thousands more missing due to the direct impact of this month's tsunami. 

The economic loss has been pegged at a whopping $300 billion! The US, which has twice or more of the GDP of Japan is still unable to square its deficits or debt obligations. And the US after having injected several rounds of stimulus funds borrowed from China and Japan among others still finds no light at the end of this long debt tunnel. One of the biggest of all stimuluses was the controversial, approx. $787 billion, out of which many would argue nothing really remarkable came out. Did you realize the Japanese loss estimates are  close to half of the biggest stimulus that US has ever seen in its history?

With the aging Japanese population and the current decade long recession there, I don't see much prospects for Japan in the next decade. But I do see corporate and individual investors seeing opportunity to scoop some real good bargains and staying long.....real long (12-20 years!). Warren Buffett is one such investor.  

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