Post your reasons why - using data to support your argument, not hearsay. Additionally, contribute why you believe money supply increases are immaterial. If you plan on using Japan as an example, use real data of money supply and stimulus to support your point. Long term = 5-10 years, for this argument. I am interested to see if anyone can come up with a convincing thesis from anything more substantial than an emotional gloom point of view that tends to self reinforce in times like this. ie if you assert credit will never recover, give examples in the past where credit issuance languished for long periods.