IMF: Japan And Spain Are DONE!

[Mad Scientist]

"Debt ratio will NEVER stabilize" That means it will always rise and will never level off.

IMF Says Japan And Spain Are Done, "Debt Ratio Will Never Stabilize" | ZeroHedge

What is more troubling is the significant upward revision to all of the peripheral European nations (with Greece now at 171% Debt/GDP in 2013 versus 160.9% forecast only 3 months ago). While the average debt-to-GDP ratio among advanced economies is projected to continue to rise over the next two years, surpassing 110 percent of GDP on average in 2013, debt ratios will by then have peaked in several advanced economies - though rather explosively they do not see debt ratios for Spain and Japan stabilizing. Debt/GDP ratios seen rising across Europe and most specifically Greece is losing it again and Spain bleeding fast...

Sorry about the bold print. My computer will do that to me sometimes in the process of copy/pasting.

 

[Widdekind]

Japan & Spain debt-levels will not "stabilize in the forecast period" (next few years). I.e. Japan & Spain are not projected to "get a handle on their debts" in the short-term. But 'tis not to say, that debt-levels are projected to increase endlessly, until they become bankrupt.

 

[william the wie]

Spain and Japan will go bankrupt but I agree that is not what the IMF is saying.

 

[Mad Scientist]

Japan & Spain debt-levels will not "stabilize in the forecast period" (next few years). I.e. Japan & Spain are not projected to "get a handle on their debts" in the short-term. But 'tis not to say, that debt-levels are projected to increase endlessly, until they become bankrupt.

The Japanese population is aging.

The Japanese are not having babies.

The Japanese will not payoff their debt.

They just signed "Free not Fair Trade Agreement" with China to ship all their jobs over there.

They can't. It's now mathematically impossible.

 

[The Rabbi]

Japan & Spain debt-levels will not "stabilize in the forecast period" (next few years). I.e. Japan & Spain are not projected to "get a handle on their debts" in the short-term. But 'tis not to say, that debt-levels are projected to increase endlessly, until they become bankrupt.

The Japanese population is aging.

The Japanese are not having babies.

The Japanese will not payoff their debt.

They just signed "Free not Fair Trade Agreement" with China to ship all their jobs over there.

They can't. It's now mathematically impossible.

Because we know free trade impoverishes countries, right?

 

[Nova78]

Sounds about what will happen here under Obama,spending more than you make never works,and Obama gets the golden ring for spending money that does not exsit...womb to the tomb entitlements will destroy this Country,1/4 of the Country on disability,1/4 does not work ,1/4 on welfare ,looks to me like the taxpayer is an endangered species...

 

[Mad Scientist]

Japan & Spain debt-levels will not "stabilize in the forecast period" (next few years). I.e. Japan & Spain are not projected to "get a handle on their debts" in the short-term. But 'tis not to say, that debt-levels are projected to increase endlessly, until they become bankrupt.

The Japanese population is aging.

The Japanese are not having babies.

The Japanese will not payoff their debt.

They just signed "Free not Fair Trade Agreement" with China to ship all their jobs over there.

They can't. It's now mathematically impossible.

Because we know free trade impoverishes countries, right?

Look what it's doing to the US.

 

[The Rabbi]

The Japanese population is aging.

The Japanese are not having babies.

The Japanese will not payoff their debt.

They just signed "Free not Fair Trade Agreement" with China to ship all their jobs over there.

They can't. It's now mathematically impossible.

Because we know free trade impoverishes countries, right?

Look what it's doing to the US.

Building a stronger economy that is competitive with the rest of the world? Don't blame trade for the state of the Obama economy.

 

[Sallow]

Sounds about what will happen here under Obama,spending more than you make never works,and Obama gets the golden ring for spending money that does not exsit...womb to the tomb entitlements will destroy this Country,1/4 of the Country on disability,1/4 does not work ,1/4 on welfare ,looks to me like the taxpayer is an endangered species...

That's not what Obama did.

Both Japan and Spain carried out austerity measures that got them into a fix. In any case, both countries still have sound banking systems and are nothing like Greece. It's also quite possible to re-structure the debt to make it managable. "Money" is a human construct with no real intrinsic value. It really should never be used to make or break a society.

 

[The Rabbi]

Sounds about what will happen here under Obama,spending more than you make never works,and Obama gets the golden ring for spending money that does not exsit...womb to the tomb entitlements will destroy this Country,1/4 of the Country on disability,1/4 does not work ,1/4 on welfare ,looks to me like the taxpayer is an endangered species...

That's not what Obama did.

Both Japan and Spain carried out austerity measures that got them into a fix. In any case, both countries still have sound banking systems and are nothing like Greece. It's also quite possible to re-structure the debt to make it managable. "Money" is a human construct with no real intrinsic value. It really should never be used to make or break a society.

No they didnt. Had they actually dismantled their socialist system that guarantees dead end jobs for everyone they wouldn't be where they are now.

 

[emptystep]

Rabbi, when you say 'a stronger economy that is competitive with the rest of the world' you like you are talking about going into a personal gym, pump some iron for a couple months, and come out and wow the world. As demonstrated by the handling of the recent Secretary of State's visit overseas won't you say that Obama's international capabilities are extremely fragile and that one could blame Obama's handling of international trade for the state of the economy and that a strong VP pick for Romney would throw the Obama camp scrambling for options?

 

[Mad Scientist]

Because we know free trade impoverishes countries, right?

Look what it's doing to the US.

(1)Building a stronger economy that is competitive with the rest of the world? (2)Don't blame trade for the state of the Obama economy.

So do you think the Economy better or not?

Ross Perot was right: "You're gonna' hear a giant sucking sound!"

 

[Sallow]

Sounds about what will happen here under Obama,spending more than you make never works,and Obama gets the golden ring for spending money that does not exsit...womb to the tomb entitlements will destroy this Country,1/4 of the Country on disability,1/4 does not work ,1/4 on welfare ,looks to me like the taxpayer is an endangered species...

That's not what Obama did.

Both Japan and Spain carried out austerity measures that got them into a fix. In any case, both countries still have sound banking systems and are nothing like Greece. It's also quite possible to re-structure the debt to make it managable. "Money" is a human construct with no real intrinsic value. It really should never be used to make or break a society.

No they didnt. Had they actually dismantled their socialist system that guarantees dead end jobs for everyone they wouldn't be where they are now.

Once again..you show you don't have any idea what you are talking about.

In Japan, for example, the government began cutting back on benefits. This in turn caused employers to cut life time guarantees on employment since the burden now fell to them to provide more benefits. Japan's suicide rate began to soar and women stopped having kids. And it left Japan in a stagnated economy for over a decade.

Austerity measures in Spain didn't have quite the same effect, but it created a back lash that ousted conservatives from power.

 

[iamwhatiseem]

That's not what Obama did.

Both Japan and Spain carried out austerity measures that got them into a fix. In any case, both countries still have sound banking systems and are nothing like Greece. It's also quite possible to re-structure the debt to make it managable. "Money" is a human construct with no real intrinsic value. It really should never be used to make or break a society.

No they didnt. Had they actually dismantled their socialist system that guarantees dead end jobs for everyone they wouldn't be where they are now.

Once again..you show you don't have any idea what you are talking about.

In Japan, for example, the government began cutting back on benefits. This in turn caused employers to cut life time guarantees on employment since the burden now fell to them to provide more benefits. Japan's suicide rate began to soar and women stopped having kids. And it left Japan in a stagnated economy for over a decade.

Austerity measures in Spain didn't have quite the same effect, but it created a back lash that ousted conservatives from power.

Holy hell....yeah that is why Japan failed, because the government gave less benefits to citizens. My God man - where do you get this shit?

 

[Sallow]

No they didnt. Had they actually dismantled their socialist system that guarantees dead end jobs for everyone they wouldn't be where they are now.

Once again..you show you don't have any idea what you are talking about.

In Japan, for example, the government began cutting back on benefits. This in turn caused employers to cut life time guarantees on employment since the burden now fell to them to provide more benefits. Japan's suicide rate began to soar and women stopped having kids. And it left Japan in a stagnated economy for over a decade.

Austerity measures in Spain didn't have quite the same effect, but it created a back lash that ousted conservatives from power.

Holy hell....yeah that is why Japan failed, because the government gave less benefits to citizens. My God man - where do you get this shit?

Dunno..I've been to Japan several times. You? What was you fave..

And those benefits are not "given".

The Japanese pay a good amount of taxes for them.

 

[iamwhatiseem]

Once again..you show you don't have any idea what you are talking about.

In Japan, for example, the government began cutting back on benefits. This in turn caused employers to cut life time guarantees on employment since the burden now fell to them to provide more benefits. Japan's suicide rate began to soar and women stopped having kids. And it left Japan in a stagnated economy for over a decade.

Austerity measures in Spain didn't have quite the same effect, but it created a back lash that ousted conservatives from power.

Holy hell....yeah that is why Japan failed, because the government gave less benefits to citizens. My God man - where do you get this shit?

Dunno..I've been to Japan several times. You? What was you fave..

And those benefits are not "given".

The Japanese pay a good amount of taxes for them.

What does visiting Japan have anything to do with ones knowledge of their collapse? Japan failed because they got stupid. They did not manage their growth, they were too dependent on cheap labor (are you listening China?), they over-invested, over leveraged their financial system - and then did exactly what America has done when trying to deal with it - lower interest rates to near zero and then try to borrow their way out of it.
Japan is a stellar example of what happens when governments chose winners and losers which concentrates wealth, eliminates innovation and promotes corruption for all involved.

 

[The Rabbi]

Look what it's doing to the US.

(1)Building a stronger economy that is competitive with the rest of the world? (2)Don't blame trade for the state of the Obama economy.

So do you think the Economy better or not?

Ross Perot was right: "You're gonna' hear a giant sucking sound!"

It isn't a question of whether the economy is better or not. We all know the answer to that one. The question is whether trade strengthens the economy. The answer is yes. Even imports strengthen the economy, much less exports.
Here's a hint: mercantilism is dead.

 

[Mad Scientist]

(1)Building a stronger economy that is competitive with the rest of the world? (2)Don't blame trade for the state of the Obama economy.

So do you think the Economy better or not?

Ross Perot was right: "You're gonna' hear a giant sucking sound!"

It isn't a question of whether the economy is better or not. We all know the answer to that one. The question is whether trade strengthens the economy. The answer is yes. Even imports strengthen the economy, much less exports.
Here's a hint: mercantilism is dead.

Here's a hint: The American Economy is Dead.

Free Trade killed it.

Your solution: More Free Trade!

 

[The Rabbi]

So do you think the Economy better or not?

Ross Perot was right: "You're gonna' hear a giant sucking sound!"

It isn't a question of whether the economy is better or not. We all know the answer to that one. The question is whether trade strengthens the economy. The answer is yes. Even imports strengthen the economy, much less exports.
Here's a hint: mercantilism is dead.

Here's a hint: The American Economy is Dead.

Free Trade killed it.

Your solution: More Free Trade!

Here's a hint; get your head out of Ron Paul's ass.

 

[Sallow]

Holy hell....yeah that is why Japan failed, because the government gave less benefits to citizens. My God man - where do you get this shit?

Dunno..I've been to Japan several times. You? What was you fave..

And those benefits are not "given".

The Japanese pay a good amount of taxes for them.

What does visiting Japan have anything to do with ones knowledge of their collapse? Japan failed because they got stupid. They did not manage their growth, they were too dependent on cheap labor (are you listening China?), they over-invested, over leveraged their financial system - and then did exactly what America has done when trying to deal with it - lower interest rates to near zero and then try to borrow their way out of it.
Japan is a stellar example of what happens when governments chose winners and losers which concentrates wealth, eliminates innovation and promotes corruption for all involved.