July 21, 2011: Public debt and the elephant in the room

Spexxvet · 07-21-2011, 10:59 AM

Godzilla!

glatt · 07-21-2011, 11:06 AM

If only. The Japanese have a long history of dealing with Godzilla. They know how to do it. But this debt thing is going to bewilder them. And with the recent tsunami, nuclear disaster and energy loss, they are going to have a tough time of it. At least their spirits were lifted from that soccer game.

footfootfoot · 07-21-2011, 08:28 PM

Quote:

Originally Posted by glatt

If only. The Japanese have a long history of dealing with Godzilla. They know how to do it. But this debt thing is going to bewilder them. And with the recent tsunami, nuclear disaster and energy loss, they are going to have a tough time of it. At least their spirits were lifted from that soccer game.

yeah, casting my mind back to the mid 80s when I took Japanese History I remember something about how the financial cluelessness of the ruling class led to the selling of family names to merchants who then rose to respectability.

Despite being good at math...

xoxoxoBruce · 07-22-2011, 02:02 AM

They still hold over 900 billion in US treasury securities.

Spexxvet · 07-22-2011, 07:57 AM

Quote:

Originally Posted by xoxoxoBruce

They still hold over 900 billion in US treasury securities.

That's not a very safe investment, these days.

07-21-2011, 10:59 AM	#1
Spexxvet Makes some feel uncomfortable Join Date: Dec 2005 Posts: 10,346	Godzilla! __________________ "I'm certainly free, nay compelled, to spread the gospel of Spex. " - xoxoxoBruce

07-22-2011, 02:02 AM	#4
xoxoxoBruce The future is unwritten Join Date: Oct 2002 Posts: 71,105	They still hold over 900 billion in US treasury securities. __________________ The descent of man ~ Nixon, Friedman, Reagan, Trump.

07-21-2011, 11:06 AM	#2
glatt ™ Join Date: Jul 2003 Location: Arlington, VA Posts: 27,717	If only. The Japanese have a long history of dealing with Godzilla. They know how to do it. But this debt thing is going to bewilder them. And with the recent tsunami, nuclear disaster and energy loss, they are going to have a tough time of it. At least their spirits were lifted from that soccer game.

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