"Japan has problems, and not just in manufacturing. The population of the country is now literally shrinking, as they have the highest proportion of elderly people and the lowest proportion of children. By 2050, 70% of the labor force will have disappeared. While Toyota is the world's largest car company, auto sales in Japan peaked 18 years ago. Supermarket sales have fallen every year for the last 11 years. This is a country in a long-term decline, with massive debt. While there is still a lot of economic power there, it is not the country of the future. Unless they figure out how to grow their population, it will be a long slow slide."
--John Mauldin
Is America the next Japan?
This is interesting. Since Japan was modeled after the American business and organizational structure, their fortune is tied to America's success for failure. In addition, their auto import profits will take a real hit over the next few years.
Posted by: Rosemead Herald | 03/15/2009 at 03:21 AM
Our National debt is increasing and the recession has reduced our economic growth. Debt is a heavy burden, which can never be repaid.
Posted by: Zak Klemmer, ACS, ALB | 03/15/2009 at 07:01 AM
Putting this together with the prophecies in the Bible, I have gloomy outlook for the future until Jesus' return. Ah, but most will say those are only stories. And the wisdom of William Paley is once again proved. "Contempt prior to investigation is a bar against all information, which
is proof against all arguments and which cannot fail to keep man in
everlasting ignorance.. "
Posted by: JudgeBob | 03/17/2009 at 11:04 PM