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Shinzo Abe's Six Most Worrisome Charts
It is not hard to find an exemplary chart of the collapse of the Japanese economy - as we have been diligently exposing for the past few years despite Abenomics' promises (tonight's especially). Even Japanese government advisors are concerned:
"My biggest concern is that most of the emphasis has been on solving the short-to-medium term challenges of overcoming deflation and boosting demand. While I think that emphasis has been the right approach, most Japanese economic problems really revolve around long-term issues: an aging and declining population, a need to increase our potential growth rate, and longer-term fiscal consolidation. Whether or not the government can overcome these challenges is still very much an unknown."
Motoshige Itoh, professor at the University of Tokyo Graduate School of Economics and a member of the Cabinet Office’s Council on Economic and Fiscal Policy
These six charts suggest not only does Japan have a long way to go, but the trend is very much not their friend...
Source: Goldman Sachs
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Goldman has a little more color on tonight's disaster too...
We expect sluggish recovery momentum: We estimate the drop-off from pre-tax-hike rush demand will gradually fade through Jul-Sep.
However, we watch for the possibility that the decline in real disposable income and large increase in inventories may continue to have a negative impact on domestic demand that deals a body blow to the economy for a comparatively long time.
We think unfavorable summer weather is also a negative catalyst.
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Unfavorable summer weather. Really? Wonder what the weatherman will breing in autumn.
"Unfavorable summer weather"
When is radioactive fallout ever "favorable"?
Add NWO blackmail to build the next "Reptilian portal", I mean, linear accelerator at a cost of a $Trillion in secret funds...
"What's not to like"....every jew pun intended....
Surprise, surprise...any other country would have been toast under these conditions....
...ooooh, too close to the "bone"...?
I know they are desperate but I am sick and fucking tired of hearing "Weather" as an excuse for poor economic performance. Listen, Summer is Hot and Winter is Cold and, actually, it has always been that way, Enough already......
Why does Goldman put the last chart in about women participation?
Is it due to some implicit reasoning behind Japan not being able to afford to hire extra women on their boards?
In my country, we just stack our company boards with women even though it really isn't necessary. We can afford to take the productivity hit, for now at least.
Listen, Goldman has that global female agenda. In my country women choose the right position. Bare foot, pregnant, in the kitchen. Most agree, that is best.
Removing women from the home and raising the children is all part of the cultural marxist agenda. It is now considered 'bigoted' to simply point out that man and woman are endowed with different abilities and different roles, by God. The man to be the breadwinner and head of household and protector of the family, and the wife to raise the children and tend the household and serve the husband, instructing the children in the way of the Lord, with the father reading them the Bible and reinforcing the lessons/discipline.
Fuck your religion. Fuck your Lord. Fuck your Bible.
The pale judeo-christian religious traditions have been a tool of the state since Rome. Your so called "Cultural-Marxisim" is of no less use to TPTB than the "Prosperity Gospel" or any other bullshit theology that helps them condolidate power.
I like your Christ, I do not like your Christians. Your Christians are so unlike your Christ - Mahatma Gandhi
"I like your Christ, I do not like your Christians. "
Well said and quoted, "Nihilist Zero"...
However, your clear understanding of the problem should make you more inclined to offer "solutions"...
"A mind is a terrible thing to waste"....and we need both "minds" and "solutions" going forward....
Remember, Friedrich Nietzsche is the poster boy for the Rand Corp, CFR, Free Masons, Skull & Bones, Committee of 300 and their lackeys, the UN, World Bank, IMF and NATO....
"Removing women from the home and raising the children is all part of the cultural marxist agenda."
First, do not "cornfuse" the term "Marxism"...with "Marxian"....
One is "Marx"....the other is the RAND Corporation's handbook...
IF you are really interested in the "flaws" of Marx, you should know that he came from a "very wealthy" family and was a silver-spoon asshole (albeit genius asshole) like most "Capitalists"...
As well, he never addressed "oppression of women", but rather ascribed to a Weberian view of the idea of "sharing" women....of course without any input from them....
What do you expect from the rich? Everything is an "object"...a "means" to their end.....
The "few" workers here should realize this...and keep understanding that the wealthy could not possibly understand "real" work or "toil"...and never will...that is what makes them the "inhuman", Reptile bastards they are....
The Japanese culture of "hierarchy" cited by Horkheimer and Adorno make this plain....in the 1800's to boot....
"People" here who attack "the Frankfurt School" have never read a word of Max Horkheimer...and they are Trolls who are paid to take the pieces of study and literature that will cause overthrow of the rich and turn them into a negative...
If you have ever turned a lever, swung a hammer, pushed a saw, tilled the earth, wiped up after "customers" or cleaned a fellow human's body because they lacked the ability...then you know....
Majestic12 You sound like a pretty smart guy, but that’s where my positive comments about you will end. You are obviously crazy and I’ll just dissect one small portion of your comment.
“The "few" workers here should realize this...and keep understanding that the wealthy could not possibly understand "real" work or "toil"...and never will...that is what makes them the "inhuman", Reptile bastards they are....”
First, The “few” workers. The majority of people in the US are workers, particularly those that read zero hedge. Then you spout off about how the wealthy could not possibly understand real work or toil. A delusional generalization, and actually when I think about most of the identifiable rich people they are very hard workers. If you think Steve Jobs, Elon Musk, Zell, Buffett, Gates, Zuckerberg, heck even Lebron James, and Payton Manning, don’t work in general harder and longer than the vast majority your kidding yourself. Granted the compensation for that work is ridiculous. And how being wealthy alone make you inhuman reptile bastard I have no clue. The wealthy people I know, barring in govt and finance, must benefit society to gain wealth.
And finally this piece of dribble:
“If you have ever turned a lever, swung a hammer, pushed a saw, tilled the earth, wiped up after "customers" or cleaned a fellow human's body because they lacked the ability...then you know....”
You make it seem like just because someone hires a handy man or goes to a restaurant that they lack the ability to do for themselves. There are some that are served that can’t do for themselves but most hire a contractor, purchase food from a farmer, or eat from a restaurant because of the specialization offered through capitalism. In a capitalist society people have the ability to focus on one aspect of making society better, and why would you do everything that is necessary to maintain your life when there are people and entities that focus on producing that product or service as efficiently as possible.
If you’re not a troll, your thoughts are very dangerous.
Perhaps... However If there were more women in charge in Japan, maybe the GOJ would be less insane.
Now the real secret about Fukushima, is that it was purposed developed so the Godzilla prophesy could come true! For real !
Um, so how many Goldman Board members are female? Goldman is often referred to as a "Boys Club". get real.....
I asked my Japanese coworker about Abenomics. He mentioned that the union asked the company for a $500/year increase to offset the increase in taxes and living costs. The company told them to fuck off. Welcome to another year of declining living standards.
This is the same company that declared when the yen suddenly strengthened they wouldn't adjust ex-pat salaries due to short-term extreme fluctuations, but when the exchange rate reversed, they happily readjusted everyone lower. If the company screws the staff coming and going that way, there is clearly no bargaining power for the workers.
Sounds like a typical American corporation...MOAR productivity slaves! Less wages and food for you feral serfs... Row harder!
When you introduce demographics into the picture we see that Japan is stuck with an aging and shrinking population that is evermore expensive for the government to provide for. Adding to its woes the Fukushima nuclear disaster has shuttered its nuclear power plants and forced the country to import more expensive energy alternatives.
Neither monetary nor fiscal policy will adequately solve Japan's problems. Continuing to run fiscal deficits only means that government debt is pushed onward and upwards leading to a variety of possible scenarios as to the what the end game will be. Simply put, the fundamentals for Japan are lousy. More on the downward path that Japan is on in the article below.
http://brucewilds.blogspot.com/2014/05/japan-sliding-towards-abyss.html
Bringing up Japans demographics does not help to discredit keynesiansim which is what we have to do. Blaming demographics is like blaming the weather.
"Japans demographics does not help to discredit keynesiansim"
Bringing up Keynesianism, does not discredit "Demand-side, Fiscal Policy"....
It is the Reagan trumpet since 1980...."a day in infamy"...when the "world turned"....
There has been nothing but generation, after generation, after generation of "supply-side, monetary policy" children....
Elliot, move over...your youth and inexperience is showing...when your profile is meant to appeal to the ones who can "see" the dramatic change and fire that Obummer continues to carry....
....although...he's from "the other side"....
Here's a good laugh:
"The Abe administration will draw up a bill to promote women to senior positions in both the public and private sectors, Chief Cabinet Secretary Yoshihide Suga said Monday.
The bill, to be introduced to the Diet by next April, will call on the central as well as prefectural and local governments, and private businesses, to create action plans, Suga told a news conference.
The central government aims to raise the proportion of women in leadership positions to more than 30 percent by 2020." ...
ACTION PLAN, WTF??!? BAWAHAHAAA lemme show you my ACTION PLAN
"BAWAHAHAAA lemme show you my ACTION PLAN"
Spoken like a considerate, non-racist, non-sexist, clear thinking citizen of Japan....
Hey, asshole....this is why traveling for Americans is so fucked...
They all expect "you"......
Don't worry...your "just deserts" are coming.....
whatever is bad for japan is good for the rest of the world. japan will eventually be consigned to burning ashheap status by the rest of the world.
Jap government is going to have to ditch the homogenous thing and let some immigrants in if they want to push back the inevitable.
Not that this would be in the Japanese people's interests whatsoever. For them the contraction will likely be a good thing. They mat have less "stuff", but there lives in a less crowded country might be better.
Yeah, they should import more Aztecs and Bantus. That would certainly lessen the burden on the welfare rolls.
There is nothing inherently wrong with a shrinking population, but Keynesians believe that a inflation should always be increasing, and no deflation should occur whatsoever, even if there is a DEFLATION IN POPULATION! Same goes for GDP. Abenomics is the poster child of pseudo economics. It sounds like economics, but really has nothing to do with it. It does not improve the situation, even made-up bad situation like deflation (not even a proper definition), or population shrinkage. Like for example higher prices are good for economic growth. Like I said pseudo economics. I been sitting back with bucket of popcorn being amused by Abenomics as the years pass. It's entertaining for me in a way.
Like I said pseudo economics...
In my view all economics is pseudo-science bro. Austrian libertarian. French socialist. You can make a logical argument for any and all, if you have a vacuum absent the human variable. Measuring how markets function relative the existing conditions is the only true economics. The rest is theory that is ultimately untestable as all do not/can not/will not account for the inevitable human corruption of the government system that enforces the economic one..
Un-fettered socialism will always lead to a decline in production and productivity and increase in corruption via supply side problems.
Un-fettered capitalism will always lead to a decline in production and productivity and increase in corruption via demand side problems.
All this economic theory is akin to meta-philosophy. Sure you can put it to use in a real world framework but the absolute theory is unprovable in our real world existence.
<--Japan invokes "democracy"
<--Japan invokes "bayonets" in your face...