haxxiy on 07 April 2013
| Miguel_Zorro said: I remember when they said Japan would overtake the U.S. I guess that didn't go so well. All countries eventually go down the wrong, foolish path. Some day, China will too. |
China is building up assets, though, while both Japan and the US have a large percentage of their yearly GDP as national debt.
That's like borrowing money and stating you're wealthier because of it... someone is clearly missing the concept of financial clearing here.
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Either way, Japan's saving grace so far is that they are a higher saving rates keeping interest down, otherwise they'd long have gone the way of Greece... but who knows how long it will last, really.
