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Strategies & Market Trends : Coming Financial Collapse Moderated -- Ignore unavailable to you. Want to Upgrade?

To: pater tenebrarum who wrote (531)	7/23/2001 11:42:50 PM
From: EL KABONG!!!	Read Replies (2) \| Respond to of 974

Hi Heinz, I'm really starting to feel badly for the Japanese people, for their culture and their society. Imagine if in 1985, you were a young man, maybe 24 years-old, just starting out on your adult career(s). You're now 40, and have little to nothing in the way of capital gains and appreciation to show for all those years of work. Your children would by now be approaching college age, and would likely be expecting financial assistance in getting their education. Fat chance. Or perhaps the horrible choice of funding either their education or your own retirement... Or perhaps in 1985, you were a 50 year-old male preparing for your retirement years by socking away whatever you could. Look at what you'd have now compared with what your expectations might have been 16 years ago. 16 years is a long time for a net gain of zero. Retirement is a distant dream without sufficient funds to support it. It's no wonder that the Japanese people aren't true consumers anymore. They have to save every last cent (sen?) of disposable income. Since they have nothing to show in the way of capital gains, their futures must be funded (100%, as it would appear) from their current incomes. That's tragic. I realize that the Japanese have cultural taboos that have greatly contributed to their current economic woes, but the younger people are going to be the ones that suffer the most. Their whole society will be affected by this fiasco for years and years to come. I'm afraid that their economy, which once was the best, will never ever again approach the leadership position it once enjoyed. This situation will most certainly leave deep emotional scars on their society, not to mention the emotional impact on the rest of global society... KJC