SpikeDaCruz
後輩
- 19 May 2008
- 14
- 0
"Baka! DaiNippon!" Not a difficult choice. 
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Do I not have my Japanese text activated right???????????????????????????
Do I not have my Japanese text activated right?
I hope you have a good, secure job lined up Jersey Boy as you will be coming to a country that will economically and financially collapse within the next year to 18 months. Unemployment is at an all time high, personal bankruptcies are at an all time high and increasing weekly, firms are laying off by the thousands on a weekly basis and things are just not good here right now. Even my own company, which has never had a lay off in its 76 year history is laying off about 20% this month!Jersey Boy said:I decided to pick USA after 1.5 years of stay in Japan. Even though I have a condo here in Tokyo, I am going to rent it out for the long haul. I simply cannot see myself in such a crowded country for the rest of my life. In the hindsight, I regret I came back after many years of stay in USA (but, at the same time, it was good I came back to Japan to realize how I am not really into Japan). If everything goes well, I would be relocating back to the East Coast in a month or two.
But, is Japan almost in the same boat on that? The Japanese government has been running up the budget deficits for so many years and it could be a prime candidate for bankruptcy. I have started looking in information on the future economic landscape and I noticed there were so many dooms-sayers for USA in the 80's as well when Donald Reagan was doing the spend and borrow policy on the grand scale. But, still USA stands as a sole superpower. If US goes down the tube, I believe Japan follows the same path swiftly as it holds billions of US treasury notes. It would be scary to be on such barren small islands when Japanese' economy and government's finance collapse.I hope you have a good, secure job lined up Jersey Boy as you will be coming to a country that will economically and financially collapse within the next year to 18 months.
There's plenty out there. Some links:ArmandV said:Where's your proof?
But the government's ツ"unemployment rateツ" statistic is a propaganda device. It does not count as ツ"unemployedツ" people who are ツ"not in the labor force.ツ" According to economist Richard DuBoff, participation in the labor force by working-age males has been drifting downward for more than 40 years. Therefore, the government's official ツ"unemployment rateツ" is an increasingly misleading statistic.
Mike Folkerth said:Lost jobs in construction and manufacturing seem to be leading the way to the bottom. Let's apply some Mikeronomics to that problem and see if we can flesh out the reason.
Housing is in the toilet (that's an economic term), and those people who used to build houses don't do that anymore. The people who used to manufacture the things to build houses with, don't do that anymore either. Neither group buys new autos with their unemployment compensation checksツ…so I guess that about solves the mystery.
The government will come to these same conclusions about 6 months from now.
In March, the U.S. lost 80,000 jobs, but that's old hat and you heard it on the 6 o'clock News. What you didn't hear on the local or national or world news was that on average, the U.S. adds 180,000 jobs per month. Want to know why? Because there are on average, 180,000 new job seekers each and every month. Want to know why? Because we believe that growth is good.
But this is not the end of the good news. During the past 90 days, the U.S. has lost 232,000 jobs. That means that each month, 180,000 people entering the job market also failed to find employment, but are not included in the numbers, as they were never employed previously.
The actual real unemployment then, grew by 772,000 in 90 days. They probably just forgot to tell us that on the 6 o'clock news huh?
...........This calculates that best case, 12 months from now, 2,160,000 people will have not found workツ…but won't be reported as unemployed!
Frankly, a 5% unemployment rate lacks statistical credibility and certainly fails to document the pain of America's unemployed. Let's take a closer look at the BLS data:
Since its peak in September 2006, construction employment has fallen by 457,000.
Over the past 12 months, manufacturing employment has declined by 326,000.
Since its peak in March 2007, the retail trade industry has shed 137,000 jobs.
The health care industry has added 365,000 jobs over the past 12 months.
Professional and technical services employment rose by 27,000 in April after showing little change during the first quarter of 2008.
Since October 2007, food services employment growth has declined to an average of 13,000 jobs per month; this compares to an average increase of 28,000 jobs per month for the preceding 12-month period.
Total unemployment increased by 11.6% from 6,532,000 persons in April of 2007 to 7,287,000 persons in April of 2008.
The number of people who lost their job, or were no longer holding a temporary job, increased by 21.0% from April 2007 to April 2008.
The number of people who were told they had permanently lost their job increased by 30.1% during this same period.
From Q1 2006 to Q1 2008, the number of Layoff events has increased by 45.3%.
They increased by 20.6% from Q1 2007 to Q1 2008. There has been a continuing increase in the number of layoff events, and the number of Total Initial Claimants, since August of 2007.
Despite these data points from the BLS report, the BLS claims the Unemployment Rate has increased from only 4.30% in April 2007, to a negligible 4.76% in April of 2008. Does this create a credibility problem?
No, I really don't want to be here and I wouldn't be if it weren't for my dog. I know that sounds like a lame excuse, but I explained that elsewhere in another post. Also, my job is recession proof and I enjoy it and it pays well. Even though we will have a 20% layoff in the next two weeks, I will be not be affected because of my seniority. (No we are not a union company). Even if the US economy was doing well, I'd still rather live in Japan as I am very comfortable there and eventually will retire there.Aurura said:Pachipro san, you live in the US.... are you staying in the US when the collapse comes? With as far down as our country is plummetting and the highly detailed way that you share your knowledge of it all, it seems that you don't really wanna be here.
No, I really don't want to be here and I wouldn't be if it weren't for my dog.