Japan going down the Tubes
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    Japan going down the Tubes

    Japan's economy shrinks 12.7% annualized in third fiscal-quarter - MarketWatch


    12.7% annualized contraction based on last quarter.


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    Re: Japan going down the Tubes

    This is a scary time the ripple effects of this could hurt for along time to come



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    Re: Japan going down the Tubes

    Japan is in a full-fledged ECONOMIC COLLAPSE, much greater than the Great Depression:

    "Japan’s Economy May Shrink 20% This Quarter, Institute Says" By Jason Clenfield

    "Feb. 16 (Bloomberg) -- Japan’s economy may shrink at an annual 20 percent pace this quarter, the steepest drop in the postwar era, according to the Japan Research Institute.

    The research group published the estimate after a government report today showed gross domestic product fell an annualized 12.7 percent in the three months ended Dec. 31, the fastest pace since the 1974 oil crisis. The institute was one of the first to predict the scale of last quarter’s deterioration, saying on Dec. 26 that the economy would contract 14.1 percent.

    Exporters including Toyota Motor Corp. are shutting factories and firing workers as recessions in the U.S. and Europe cause exports to dry up. Economic and Fiscal Policy Minister Kaoru Yosano said today that the country faces its biggest economic crisis in postwar history."

    The full article is at:
    Bloomberg.com: Asia


    Let my Fred's Posse Ride: Georges, Naz, Hogue, Bryce, Nader, Monte, Matt, and McKay.

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    Re: Japan going down the Tubes

    I have done my part to support the Japanesse Economy during this tough time.

    We purchased a Nissan Armada last summer and a Wii this last Christmas.



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    Re: Japan going down the Tubes

    They will say - What have you down for us today?

    Japan lives by exports and they die by not exporting. Their standard of living will probably decrease since they must import their basics in raw materials, energy, and food first.


    Let my Fred's Posse Ride: Georges, Naz, Hogue, Bryce, Nader, Monte, Matt, and McKay.

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    Re: Japan going down the Tubes

    Hasnt the Japan goverment been pumping billions into that economy for years? Working well for them isnt.


    The gap in our economy is between what we have and what we think we ought to have--and that is a moral problem, not an economic one. - Paul Heyne

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    Re: Japan going down the Tubes

    Quote Originally Posted by kingcy View Post
    Hasnt the Japan goverment been pumping billions into that economy for years? Working well for them isnt.
    Yep.......but who cares if it works for them? It will work for us just fine



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    Re: Japan going down the Tubes

    Quote Originally Posted by Melvin View Post
    I have done my part to support the Japanesse Economy during this tough time.

    We purchased a Nissan Armada last summer and a Wii this last Christmas.

    And I own four Honda's!



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    Re: Japan going down the Tubes

    Quote Originally Posted by cloneaholic View Post
    And I own four Honda's!
    I just told the Honda dealer to make me a deal on a new Accord. Ugh.


    They who can give up essential liberty to obtain a little temporary safety, deserve neither liberty nor safety. - Benjamin Franklin 1775

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    Re: Japan going down the Tubes

    Quote Originally Posted by brianhos View Post
    I just told the Honda dealer to make me a deal on a new Accord. Ugh.
    No new Maxima for you? I thought you were in love with that car.

    I don't think I could get an Accord, but I do like the Acura TL, (2008 or older). Its just enough different I like the way it looks, but not the Accord. Weird, huh. The '09s for each I think are ugly.



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