Skip to comments.What Happens When the World Economy “Goes Japan”
Posted on 05/16/2012 4:52:50 PM PDT by dennisw
It won’t “go Japan”
It might hit there briefly on the way down.
It’s going Zimbabwe!!
I dunno... is freefall bumpy?
While Japan has been slowly sinking, the Europe and U.S. are not that lucky. They are hoping the perpetual limbo: without resolution but no massive pain. However, the limbo would not be perpetual, but short followed by pain which the world has not experienced for more than half a century.
The establishment has finally spoken. That is, "Yes, we are forced to accept that the rebound after massive QE is a wishful thinking. We admit that our best hope is to become another Japan even if we laughed at Japan so many years ago when it slided into what has shaped up to be 'Lost 20 years.' It hurts so much, though. "
(in the words of Robert A. Heinlein):
Throughout history, poverty is the normal condition of man. Advances which permit this norm to be exceeded here and there, now and then are the work of an extremely small minority, frequently despised, often condemned, and almost always opposed by all right-thinking people. Whenever this tiny minority is kept from creating, or (as sometimes happens) is driven out of a society, the people then slip back into abject poverty.
This is known as bad luck.
I thought Japan’s 20 year slide was not too bad and not much of a depression though Americans gloated that it was. But now with the Fukishima impact they just ran up their first trade deficit in 30 years or so. That’s a bad sign. South Korea seems more vibrant and Taiwan is running away with the laptop, cell phone, iPad business. I’ll bet the birthrate in S Korea is much better than Japan
“Somebody wake up Hicks”.
Time to fuel up the escape pods.
Fracking is saving the U.S. economy, far away from the machinations of central banks and DC corruptocrats.
Natural gas prices, and hence, electricity costs, decline because of fracking, and soon oil prices will follow.
Moreover, the oil that we are buying comes more and more from growing American oil fields...all because of fracking.
Keep the politicians away and Americans will right the ship.
That is another brilliant Heinlein quote I never heard!
I sure hope we find enough energy (and are allowed to get it) to keep the wolf and the commissars at bay.
From “The Notebooks of Lazarus Long”.
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