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A Microcosm of Japan’s Tough Future?
Sorry to ruin your weekend with more dismal science, but we thought this video is a reflection of the potential problems Japan is now facing. If the city of Yubari is, indeed, a glimpse of future Japan, this may be what the Nikkei has been or starting to discount. The index is still down a stunning 77 percent from its December 29, 1989 all-time high and has only managed a 27 percent bounce off the October 2008 low.
It’s the
economydemographics, stupid!
Japan has suffered through severe trials and tribulations, including the bursting of a real estate and stock market bubble, a prolonged depression, and a tragic earthquake and tsunami. One can only wonder about the social stability of, say, the U.S. or other western countries if they were to experience the same scale of testing. Just imagine a similar stock market nightmare which would put the S&P500 at 282.99 in August 2026. Ouch!
What a testament to the non-entitlement mentality of the Japanese people. Godspeed, our Japanese friends.
(click here if video and chart are not observable)
2012-09-09 01:51:03
Source: http://macromon.wordpress.com/2012/09/08/a-microcosm-of-japans-tough-future/
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