papflesje said:
Over here, the stores are more crowded now than ever before.... |
If they have any sense it will be to stock up on essentials while they have a job.
To those saying that Japan is in a depression, no it isn't, not even close, it is in a long recession/stagnation but it is not in a depression yet. It might be, along with the rest of the world, if the US lawmakers don't stop dicking and throwing money at a problem that stems from compromised trust.
How about forcing banks to disclose all their REAL liabilities so that we can invest in the good ones and let the bankrupt ones die? Sure people who invested in those bank will suffer because they bet on the wrong horse but it is better and more fair than everybody suffering because nobody trusts any banks with their money so no money is available for lending. Oh, and shifting all those bad debts to the government is stupid as with how much of it there is it is more likely to make the government itself as shaky as the banks are, and the government is much more important than any bank(s).
"I do not suffer from insanity, I enjoy every minute of it"
