Premise; Japan’s Products are popular in the World; Japan is plus 100 billion$ , in their balance of trade,. For the year.
By Daniel at 26 November, 2009, 9:26 pm
The world’s population increases by 70,000,000 souls per year;. YET,
Japan’s exports were down 25% last month.Imports down 35%. What gives?
The World is learning, again, to live and operate, without the” plasto-credit”; ( a new term which should be included in the modern dictionary and would mean:Credit gotten by the phonies from those Pro’s, credulous to lying .
The plasto-credit that was issued by the R.E. agents and Bankers, who looked the other way as long as they got their cut.-(BLOATED, THE BALLOON BURST, and now the anguish.) Congress and Local Governments could not be far behind.
30 years ago, in our civilization,the average citizen carried 2 credit cards; 5 years ago, 7 credit cards.I think 2 is better than 7 .Bloated can not be sustained.- BUT,
It,s a world wide phenomenon.
It’s also happening in Dubai.In Greece and elsewhere.
So, the moral of the story: As an investor : Truth is better than credulity.
The ship Captain, or
The Management of The Company ,
who deserve our trust,(by doing homework),will get our hard-earned money.
IMPLOSION, could be the new paradigm. I hope not.
- HERCULOS
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