Japanese debt is also staggering.. 230% of GDP. Not clear how Japan is going to grow its way out, with an ageing population and lack of productivity. At the moment, the markets are unfazed, but if China starts to wobble, down comes Japan too, and then the rest of the world banks can whistle Dixie. All a house of cards. G6AIG (trying to get into debt as quickly as possible).
Japanese debt is also staggering.. 230% of GDP.
ReplyDeleteNot clear how Japan is going to grow its way out, with an ageing population and
lack of productivity.
At the moment, the markets are unfazed, but if China starts to wobble, down comes Japan too, and then the rest of the world banks can whistle Dixie. All a house of cards. G6AIG (trying to get into debt as quickly as possible).