Comments on: California Itching to Lose a Decade

By: the highwayman

the highwayman — Fri, 13 Jul 2012 08:36:58 +0000

So what about the Panama Canal?

HSR makes sense in California, but not in Alaska.

CPZ, you’re full of crap!

By: Sandy Teal

Sandy Teal — Thu, 12 Jul 2012 06:31:54 +0000

Every college in the US swears that organizations and nations can only succeed with diversity of races, gender, and sexual orientation. How can Japan or any organization succeed if they are not maximally diverse? Are you saying the college dogma might be wrong?

By: Andrew

Andrew — Thu, 12 Jul 2012 02:59:21 +0000

Reminds me of the vacant buildings sitting half finished along I4 in Orlando. Lots of development like that in Miami and Las Vegas too from what I’ve seen over the past 3 years during travel.

By: Sandy Teal

Sandy Teal — Wed, 11 Jul 2012 23:58:07 +0000

Spain tried to force transportation infrastructure with a new airport. One billion euros later, they are just letting it rust.

http://www.dailymail.co.uk/news/article-2170886/Spains-ghost-airport-The-1BILLION-transport-hub-closed-just-years-thats-falling-rack-ruin.html?ito=feeds-newsxml

By: Frank

Frank — Wed, 11 Jul 2012 15:41:20 +0000

And now San Bernardino. Cali is digging itself deeper and deeper.

By: Andrew

Andrew — Tue, 10 Jul 2012 19:19:23 +0000

The stock market and GDP are linked in the long run. What this really says is that the Japanese stock market in 1989 was vastly overpriced, just like the US market was in 1929 and 2000. How long until NASDAQ 5000 again? Undoubtedly decades.

By: Andrew

Andrew — Tue, 10 Jul 2012 19:14:46 +0000

MJ:

Japan, which is Xenophobic and has relatively closed borders, also has exceptionally high levels of prosperity, and its GDP growth per capita, which is what really counts, is still faster than the US.

By: MJ

MJ — Mon, 09 Jul 2012 23:25:57 +0000

Most of the difference is readily accounted for in the effects of US population growth vs. Japanese population non-growth.

You say this as though population growth were somehow exogenous. It is no accident that the US, which has relatively open borders (by global standards, anyway) has also achieved exceptionally high levels of prosperity.

By: MJ

MJ — Mon, 09 Jul 2012 23:20:57 +0000

Its amazing that financial hardship for banks and the stock market in Japan since 1989 is misinterpreted as economic malaise for the country, but there you have it.

Because in the long run, the economy and the stock market are closely related. A stock market cannot increase over the long term if the economy does not grow.

By: Andrew

Andrew — Mon, 09 Jul 2012 22:45:44 +0000

Most people know Japanâ€™s economy lost a decade (actually two), but few people really know why. … Since then, Japanâ€™s economy has been sluggish

Japan’s economy actually grew by 25% between 1989 and 2000, despite stagnation from 1992 to 1994 and the Asian Economic Crisis Recession from 1997 to 2000, and another 14% from 2000 to 2008, or around 42% total in two decades. By comparison, the US grew 66% during the same 20 years.

Most of the difference is readily accounted for in the effects of US population growth vs. Japanese population non-growth.

Its amazing that financial hardship for banks and the stock market in Japan since 1989 is misinterpreted as economic malaise for the country, but there you have it. No different than confusing a financier like Mitt Romney for a businessman running a company that makes a product for sale.