“The financial crisis looks like fire on a distant shore,” said Atsushi Nakajima, chief economist at the research arm of Mizuho Financial Group. “Japan has remained very calm and peaceful.”
Japan looks pretty good during this economic downturn thanks partly to their bubble burst in the early nineties due to
a real estate meltdown.
All of today's talk about a
700 billion bailout seems like a knee-jerk reaction to say the least. With the national debt being nearly
$6 trillion dollars, it makes me scratch my head and wonder whether all these numbers are just made up. Anyway, it doesn't give me much confidence in the economy.