As a change from short items the link below is a longish and heavy duty post from “Don’t Shoot The Messenger” on Nouriel Roubini’s economonitor dot com site.
It is written by Edward Hugh and Claus Vistesen about
and its current economic
situation which they judge is about to become more intricate and very
They consider whether
is on the brink of a fundamental economic change that will inevitably impact
seriously on both the international markets and economy. The theoretical model is that of the effect
of singularities in complex analysis. Japan
The article suggests that
is not alone with these and related problems.
Reading the article there seem to be aspects that tell us a lot about
the developing Japan
situation and the potential consequences. UK
As well as this,
Japan is embroiled in
a nasty row with China as to
who has the territorial rights in areas of the South China
Sea. Oil and gas matters
are involved as you might expect. This
could get rough and there are long memories of what happened between the late
1920’s to the 1950’s.
One thing that will interest some is that apparently in Japan the old, of whom there are many and increasing in proportion have been largely stripped of their savings by the cheap money policies.
This means imposing heavier taxes and increasing State burdens on the young to support the old in a declining economy in a shrinking world.
One way or another, this will not have a happy ending.
"One way or another, this will not have a happy ending."ReplyDelete
Neither for the young, nor the old.