<But Warren Buffett is gloomy as usual about its prospects>
What's that guys problem anyway? I have it on good authority that everything is simply peachie, couldn't be better as a matter of fact. This from the "Authorities", those who know, those in charge of the economic levers, the Masters of the world.
Fed choir sings praises of action balancing rates, inflation risks
usatoday.com
Furthermore, just to really nail it down, the BOJ today reiterated their intent on limiting the YEN's appreciation, promising strong action to keep this perfect economic system going. (I won't bother you with the reference)
However, the BOJ is a bit confused, as they are proposing to raise the interest rate. But this no doubt will lag American rate increases.
We are all enormously in debt. I have read that the average American family is indebted about $500,000, their share of the total governmental debt. Children are born in debt, in servitude to that debt. What the real figures are, I don't know. Japan's debt per capita is about 50% larger than the US, but their population has savings, so guess who will eventually be called upon to service that debt.
Here is an interesting post re: Japan
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