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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum
GLD 411.50+0.6%4:00 PM EST
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To: elmatador who wrote (70452)1/19/2011 11:46:04 PM
From: Maurice Winn3 Recommendations  Read Replies (3) of 219121
 
"Will Japan bite dust?" Was obviously wrong, so I went to get some data and came back a bit shocked to find that while I wasn't watching, Japan has slid down the rankings of GDP per person on both a purchasing power parity basis and nominal US$ basis: en.wikipedia.org

They went badly wrong when they put Livedoor's Takafumi Horie in prison so they could carry on with their bad old ways.

Virtuous Victorian Values seem to be remarkably difficult for countries to hold onto for more than a generation or three. Of course no country is strictly adherent but some are more so than others for greater periods of time than others.

By the time the third generation comes along, they are thinking the oldies who made it all good are just clueless fogies who don't understand the modern ways.

Keep in mind that old geezers don't need as much GDP per capita to live a pleasant life. My Personal Domestic Product has fallen dramatically which is a good thing. A nice 10c cup of tea at mid-summer morning in the garden at home beats a high GDP activity at 8am in rush hour any day of the week. So reducing GDP per capita is not necessarily a bad thing.

Mqurice
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