kowenicki said:
Kasz216 said:
NJ5 said:
If I can point at a single thing I learned during all this mess (I mean the recession) which greatly disappointed me, it was to find that countries which I always saw as rich have really been borrowing a lot of money to fund their governments. That goes for the vast majority of the developed countries. I was especially surprised to find out that Japan's debt is close to 200% GDP.
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200% GDP. I did not know that. Weird they always seemed like a fiscally conservative government... i mean it seems like they've done nothing even before the financial crisis when their economy was kinda depressed.
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If you want to see just how bad Japanese econimc woes are go read the link I posted earlier... Japan is a total basket case. It is basically bankrupt....
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Yeah, that sounds pretty bad alright.
Go figure.
Wonder how i missed an economics thread.
