Saturday, March 04, 2017

Japan Is Doomed

... was a theme on this blog when I used to write lots of economic posts. Their population is declining and aging, they've got insane levels of debt, their government can't stop borrowing and spending and more. And yet, there's this.

Doomed! They're doomed!
Wait a minute. The Nikkei is doing pretty well.
There's an old saying in economics - you can tell what's going to happen, just not when. All of those serious, structural problems still exist, but somehow, they continue to defy gravity. Crazy, man. Just crazy.

'It's tough to make predictions, especially about the future.' - Yogi Berra.

1 comment:

ligneus said...

Which is why I've always been optimistic that the US and the Anglosphere will bounce back, not so sure about Europe outside of a civil war to sort out their immigration problems. It's going to take a lot of work and fight even so.