Euro/Pound dive against the Yen

[NJ5]

Mummelmann said:

kowenicki said:
As NJ5 said, I think a few of us have been talking about this for some time... actually, probably just me and him.

But it has always been knocked down as negative spin and as a way of having a dig at Japan and particularly Sony... It isnt and never was, its just hard economic reality.

Japan has some very hard questions to answer and some tough decisions to make.

I eluded to a lot of it in this thread:

http://www.vgchartz.com/forum/thread.php?id=98412

some of the information in there is very bad.

I never thought it was over myself, I live in a desillusioned country with the biggest cash reserve in the world so I try to keep up to date with the standings of the world. And economy is a rather interesting subject in some instances so I quite like it.

On a site like Vgchartz one has to expect a different kind of view than other types of forums; first off is the average age, which I can't imagine is much beyond 18 years or so and then there's the fact that most users are interested in economy only on a videogame basis (if that) and not in the grander scheme of things.

For people who are either on the threshold of establishing a home, career and family, or indeed in the middle of it right now, things are different. Seeing the big picture is how one plots the future. I'm not worried about videogames at all when I think ten years ahead but I am somewhat worried about jobs, pay, mortgages and the overall condition of the Western markets (there will be a shift in East to West power ratio with the increase of wealth and standard of living in China, India and other Asian markets of size and we won't reach their level of self sufficency at all for decades or when we're forced to and all this is bound to affact our lives greatly in the next two to three decades).

Yeah Norway should do well as long as it has oil to export.

It's really a unique case as far as "Western" countries go.