Panasonic warns of $10bn annual loss

[goddog]

Zappykins said:
"Man this sucks. P.S America is making it more difficult for Japan to recover and they won't likely recover again. They will need to adapt unless they can devalue the yen."

Did you know the US is in sort of like a big Depression? (I know they call it 'The Great Recession') but many states are closing many vital services, and even California has been paying employees with ‘I Owe Yous’ for the past several years at times. (California used to have one of the largest economies in the world if it was it’s own country.)

Yes, I agree with you, big corporations adjusting the government to suit their themselves is a big problem in the states – and it hurts many people in the states too. But I think most of Panasonic’s US consumers are the ‘average middle class people’ getting squeezed from both sides and don’t have the money to buy a nice new Plasma TV.

It’s kinda sad really, most everybody loses out.

perhaps california could raise taxes a bit, and cut services, its got some ridicules benefits compared to the rest of the county and was running deficits even in the good times

a non property tax raise is needed --- for most states and a national increase in gas tax by a few cents would help with our crumbling infrastructure, i know its unpopular choice to do so but its needed.

  I don't think we are in a depression, i have not see consecutive quarters of negative gdp which im fairly certain is how a depression is defined. and the jobs market although tough is not abysmal I have gone form being laid off in 2008 to making out of band raises (i work in tech now)

I understand a need for a weak dollar right now, but its a dangerous game where we put our status as a reserve currency in jeopardy, we can keep this up for a bit but too long and someone will replace us, chinas internal strife, and the growing belief they are hiding debt like greece was is something that will buy us time.

in japan they cannot devalue the currency quite the way we can without wicked side effects, they constantly fight deflation, an aging populous with a shrinking tax base, things are going to get very bad there very quick if they can not make so major structural reforms.

really the down turn has highlighted the pretty much every country/currency was living on some borrowed time with structural issues that need to be worked out, the usa has a bit more time to do it as a reserve currency but it still needs to take care of it sooner rather than later, i hope if obama makers it to a second term (i believe he will) he takes a stand on the deficit as he has no need to fear re election, i hope he makes a stand even if it otrisisez him form his party it needs to be done