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  1. 15 Apr '10 21:28
    http://finance.yahoo.com/tech-ticker/the-u.s.-is-so-not-japan----japan-has-lost-the-will-to-live!-468413.html?tickers=%5EN225,tbt,tlt,man,dia,spy&sec=topStories&pos=9&asset=&ccode=

    The U.S. Is So Not Japan -- Japan Has Lost the Will to Live!

    Posted Apr 15, 2010 12:30pm EDT by Henry Blodget in Investing
    Related: ^N225, tbt, tlt, man, dia, spy
    Last year, in the middle of the Great Recession, one of the scariest assessments offered by bears was that the U.S. was an empire in decline, like Japan (which has spent the last two decades nursing its wounds from the bubble of the 1980s).

    But that's ridiculous, says Dan Gross, columnist at Newsweek.

    Japan really is an empire in decline, says Gross, who visited the country last summer. But there are huge differences between their situation and ours.

    It took Japan more than a decade to do what our government did in 16 months in the middle of the crisis (face up to the banking crisis and deal with it). Japan's population will soon start declining. Japan's birth rates have dropped, and its suicide rates have soared -- because, Gross says, its citizens have lost the will to live.

    Contrast that with the U.S. Sure, we went through a rough recession, but we're pulling out of it now (Gross's cover story in Newsweek this week is entitled "America's Back!". We have booming new industries--greentech, the Internet--and a dynamic culture that thrives on innovation. Our population is growing strongly, thanks in part to our immigration policies.

    America, in short, was knocked for a loop, but we're bouncing back strong. Not so, Japan.
  2. 15 Apr '10 21:30
    Comments

    AYoungVinceFerragamo - Thursday April 15, 2010 12:54PM EDT

    This guy is so full of s--t......we don't have the luxury to sit on our b--ts? Wow...that is insightful....I know me and the other 20% of under and unemployed were talking the other day about how great this economy is and that we are soooooo concerned about jobs roaring back where we actually have to get off our a--es.....this guy is a complete and total tool.....the market is being fueled by cheap money given to huge institutions and I am scratching my head trying to figure out where we are on the forefront of any industry that is going to pull us out of this malaise. Greentech...we are behind and hopefully will catch up....but we should have been on this 10 years ago.....our economy is facing several issues including dealing with our consumption and weaning from spending money we don't have. This is a new era where businesses have the leverage of employing a workforce that it is asking them to do more with less all to have bigger profits. I am not against having bigger profits, but good businesses should treat their employees like it is a marathon and not a sprint....at some point people get burned out and your overall productivity will go down....working people hard based on fear of losing a job can only last so long.....our economy will recover when we figure out an incentive for businesses to hire more people and not burn out the ones they got.
  3. Standard member telerion
    True X X Xian
    15 Apr '10 22:19
    Originally posted by zeeblebot
    http://finance.yahoo.com/tech-ticker/the-u.s.-is-so-not-japan----japan-has-lost-the-will-to-live!-468413.html?tickers=%5EN225,tbt,tlt,man,dia,spy&sec=topStories&pos=9&asset=&ccode=

    The U.S. Is So Not Japan -- Japan Has Lost the Will to Live!

    Posted Apr 15, 2010 12:30pm EDT by Henry Blodget in Investing
    Related: ^N225, tbt, tlt, man, dia, spy
    Last y ...[text shortened]... erica, in short, was knocked for a loop, but we're bouncing back strong. Not so, Japan.
    Lol. I love how Gross's main standard for judging economic performance is population growth. Some should tell India and China before it's too late!
  4. 15 Apr '10 22:52 / 1 edit
    Originally posted by zeeblebot
    http://finance.yahoo.com/tech-ticker/the-u.s.-is-so-not-japan----japan-has-lost-the-will-to-live!-468413.html?tickers=%5EN225,tbt,tlt,man,dia,spy&sec=topStories&pos=9&asset=&ccode=

    The U.S. Is So Not Japan -- Japan Has Lost the Will to Live!

    Posted Apr 15, 2010 12:30pm EDT by Henry Blodget in Investing
    Related: ^N225, tbt, tlt, man, dia, spy
    Last y erica, in short, was knocked for a loop, but we're bouncing back strong. Not so, Japan.
    Maybe its because of the immigrant blood the flows through the veins of most Americans, but the main factor may be that the US is a nation that strongly values "risk-taking" and rewards people who take risks.

    One of the biggest risks anyone can take is to start a new business - especially if it involves a totally new technology or idea. Almost all of these businesses are doomed to fail, and only a very tiny percentage end up being big successes - yet the US always seems to have a sizeable number of "fools" willing to boldly go where no business has ever gone before.
  5. 15 Apr '10 23:20
    Originally posted by Melanerpes
    Maybe its because of the immigrant blood the flows through the veins of most Americans, but the main factor may be that the US is a nation that strongly values "risk-taking" and rewards people who take risks.

    One of the biggest risks anyone can take is to start a new business - especially if it involves a totally new technology or idea. Almost all of ...[text shortened]... ve a sizeable number of "fools" willing to boldly go where no business has ever gone before.
    how many people really want to sit behind a counter for the next 30 years til they retire?

    i knew an accountant once. these doctors would come to him and want him to set up businesses for their trophy wives. $100K checks to start balloon shops, greeting card shops, etc. he said you might as well just take that money and use it to light your cigars with.
  6. Standard member spruce112358
    Democracy Advocate
    16 Apr '10 05:42
    Originally posted by zeeblebot
    http://finance.yahoo.com/tech-ticker/the-u.s.-is-so-not-japan----japan-has-lost-the-will-to-live!-468413.html?tickers=%5EN225,tbt,tlt,man,dia,spy&sec=topStories&pos=9&asset=&ccode=

    The U.S. Is So Not Japan -- Japan Has Lost the Will to Live!

    Posted Apr 15, 2010 12:30pm EDT by Henry Blodget in Investing
    Related: ^N225, tbt, tlt, man, dia, spy
    Last y ...[text shortened]... erica, in short, was knocked for a loop, but we're bouncing back strong. Not so, Japan.
    The fundamental difference between Americans and others around the world is our naive, child-like optimistism. Optimistic people take more risks. It makes bouncing back a cinch.

    If we are honest with ourselves, though, the US needed the wake-up call to rein in speculation. But without a World War going on, there was no way this recession could last very long.
  7. 16 Apr '10 07:06
    Japanese "have lost the will to live"? Laughable.
  8. 16 Apr '10 07:52
    Originally posted by KazetNagorra
    Japanese "have lost the will to live"? Laughable.
    Japan's suicide rate is high for cultural reasons. There's less of a taboo against suicide in Japan; it is considered, in certain circumstances, an appropriate response to a problem.

    I lived in Japan for two and a half years between 2002 and 2005, and have visited regularly since. Japan is a stable, prosperous country which still, by the standards of most Western countries, boasts a remarkable social cohesion. It has its problems, as all countries do, but it also has one of the world's longest life expectancies, one of the world's lowest crime rates, the world's most efficient public transport - all criteria by which the US falls painfully short.

    The Japanese birth rate is low primarily because the Japanese work ethic prevents married couples from spending much time together, and because of the extreme costs of raising children there. But the idea that the Japanese have lost their will to live is, as Kazet says, laughable.
  9. Standard member Bosse de Nage
    Zellulärer Automat
    16 Apr '10 08:08
    Originally posted by Teinosuke

    The Japanese birth rate is low primarily because the Japanese work ethic prevents married couples from spending much time together, and because of the extreme costs of raising children there. But the idea that the Japanese have lost their will to live is, as Kazet says, laughable.
    Do you think there's a market for 'baby colonies' -- babies made in Japan are taken to purpose-built facilities in 'cheap but wholesome' countries and raised by professional staff in a stress-free environment? Parents could visit a few times a year, it'd be like boarding school. Plus if the kids turned out lousy they could just stay there.
  10. Subscriber FMF
    a.k.a. John W Booth
    16 Apr '10 08:17
    Originally posted by spruce112358
    The fundamental difference between Americans and others around the world is our naive, child-like optimistism. Optimistic people take more risks. It makes bouncing back a cinch.
    America's success in South America for decades was not because of "child-like optimistism" and risk taking. It was because of the gangsterlike nature of your 'National Security State' version of "capitalism" and the everpresent threat of massive violence. Bouncing back from that was not a cinch for South America but it's been ok since America's influence and interference has receded.

    Indeed, one of the fundamental differences between Americans and others around the world, is your naive, child-like oblivion as to what you've been up to and who you have payrolled in your systematic efforts to stamp out the optimism of others around the world and install arrangments and proxies who will do your bidding and channel money into the coffers of your "optimistic" people. Just a thought. cf: Africa and Asia also.
  11. 16 Apr '10 08:46 / 2 edits
    Originally posted by Teinosuke
    Japan's suicide rate is high for cultural reasons. There's less of a taboo against suicide in Japan; it is considered, in certain circumstances, an appropriate response to a problem.

    I lived in Japan for two and a half years between 2002 and 2005, and have visited regularly since. Japan is a stable, prosperous country which still, by the standards of mo . But the idea that the Japanese have lost their will to live is, as Kazet says, laughable.
    As for Japan's society and economy there are probably two fundamental problems: the massive, massive debt that generations of incompetent politicians have built up and are continuing to build up (and which will lead to the next economic crisis - they'll dub it the "debt crisis" or something like that) and the abysmally poor economic situation of women in Japan. On the "gender gap" equality of opportunity comparison (2007) between men and women Japan is placed on a dreadfully poor 91st place (Northern European countries top the rankings, of course - the US is placed 31st between Estonia and Kazakhstan).
  12. Standard member Bosse de Nage
    Zellulärer Automat
    16 Apr '10 09:37
    Originally posted by spruce112358
    The fundamental difference between Americans and others around the world is our naive, child-like optimistism. Optimistic people take more risks. It makes bouncing back a cinch
    Does the Tea Party consist of such engaging, childlike optimists?

    The cynicism of your remark is nauseating, but I have a strong stomach
  13. Standard member Palynka
    Upward Spiral
    16 Apr '10 12:37
    So...is zeeblebot trolling again with his Paste&Run jobs?
  14. 16 Apr '10 12:39
    Originally posted by spruce112358
    The fundamental difference between Americans and others around the world is our naive, child-like optimistism. Optimistic people take more risks. It makes bouncing back a cinch.

    If we are honest with ourselves, though, the US needed the wake-up call to rein in speculation. But without a World War going on, there was no way this recession could last very long.
    And a lot of this naive optimism might be the result of the fact that America is made up so heavily of people who are immigrants or recent descendants of immigrants.

    Even if you're being persecuted or struggling in your native country, it takes a lot of naive optimism to leave behind a land and people with which you are familiar to venture across an ocean to a strange land.
  15. 16 Apr '10 12:45 / 2 edits
    Originally posted by Bosse de Nage
    Does the Tea Party consist of such engaging, childlike optimists?

    The cynicism of your remark is nauseating, but I have a strong stomach
    You make the mistake of thinking that Americans are all Tea Party people.

    The naive optimists are in their basements or some office starting a new business that is almost certain to fail, but they "foolishly" believe it will work. Such ventures don't leave you with much time to show up at rallies carrying pictures of Obama with Charlie Chaplin mustaches and shouting empty slogans.

    Although, now that I think about it - there is a kind of naive optimism behind the whole Tea Party Movement as well