Do you have adblock enabled?
If you can read this, either the style sheet didn't load or you have an older browser that doesn't support style sheets. Try clearing your browser cache and refreshing the page.

(CNBC)   Japan is on the verge of another recession, therefore, Paul Krugman is a poopie head and please buy my book   (cnbc.com) divider line 256
    More: Silly  
•       •       •

1823 clicks; posted to Politics » on 21 Aug 2014 at 4:15 PM (36 weeks ago)   |  Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»



256 Comments   (+0 »)
   
View Voting Results: Smartest and Funniest

First | « | 1 | 2 | 3 | 4 | 5 | 6 | » | Last | Show all
 
2014-08-21 03:11:28 PM  
overly dramatic writer is overly dramatic.
 
2014-08-21 03:38:05 PM  
"Keynesian scam"

img.fark.net
 
2014-08-21 03:56:25 PM  
Anyone know what the actual cause of the Japanese contraction is? What are the theories?

Also..

... Abenomics has failed and the Japanese economy has fallen victim to the scam called Keynesian economics. (Defined as the belief that a country can tax, spend, devalue and inflate its way to prosperity.)

Great definition of Keynesian economics. I'm surprised he didn't throw a gay slur in there.
 
2014-08-21 04:15:43 PM  

DamnYankees: Anyone know what the actual cause of the Japanese contraction is?


Japanese people.
 
2014-08-21 04:18:04 PM  

sendtodave: DamnYankees: Anyone know what the actual cause of the Japanese contraction is?

Japanese people.


THEY WERE IN THE POOL!
 
2014-08-21 04:22:23 PM  
TFA mentions a substantial increase in the consumption tax (from 5% to 8%) that occurred four months ago.  That's the opposite of Keynesian!
 
2014-08-21 04:23:33 PM  

FlashHarry: "Keynesian scam"

[img.fark.net image 250x272]


Me too.

I now declare this a "Japan is weird" thread, and with something appropriate for the potatoy nature of the article

2.bp.blogspot.com
 
2014-08-21 04:24:52 PM  

LucklessWonder: sendtodave: DamnYankees: Anyone know what the actual cause of the Japanese contraction is?

Japanese people.

THEY WERE IN THE POOL!


Is that why it's all blue now?
 
2014-08-21 04:26:53 PM  

DamnYankees: Anyone know what the actual cause of the Japanese contraction is? What are the theories?

Also..

... Abenomics has failed and the Japanese economy has fallen victim to the scam called Keynesian economics. (Defined as the belief that a country can tax, spend, devalue and inflate its way to prosperity.)

Great definition of Keynesian economics. I'm surprised he didn't throw a gay slur in there.


To actually answer your reasonable question, Japan recently cranked up the sales tax from 5% to 8%, with the rate eventually being moved up to 10%.  So basic tax economics shot their consumer consumption in the leg, and it will take a couple of quarters to heal.  So anyone who could moved big purchases up before the new tax rate went into effect.  They had a pretty good first quarter.  This will probably depress spending for a little while, but it will correct itself.  Chicken Little author of TFA left that little fact out.
 
2014-08-21 04:27:44 PM  

MadHatter500: Chicken Little author of TFA left that little fact out.


Whoops - no it was in the article...  I was skimming the derp that fast I missed it.
 
2014-08-21 04:28:00 PM  
facekini bubble
 
2014-08-21 04:28:03 PM  

meat0918: FlashHarry: "Keynesian scam"

[img.fark.net image 250x272]

Me too.

I now declare this a "Japan is weird" thread, and with something appropriate for the potatoy nature of the article

[2.bp.blogspot.com image 292x408]


img.fark.net
 
2014-08-21 04:29:43 PM  

sendtodave: meat0918: FlashHarry: "Keynesian scam"

[img.fark.net image 250x272]

Me too.

I now declare this a "Japan is weird" thread, and with something appropriate for the potatoy nature of the article

[2.bp.blogspot.com image 292x408]

[img.fark.net image 540x443]


I wish i could read kanji, then i could be all o_O instead of just ????
 
2014-08-21 04:32:16 PM  
*yawn*
 
2014-08-21 04:34:27 PM  

DamnYankees: Anyone know what the actual cause of the Japanese contraction is? What are the theories?


My theory is that they elide certain consonants or vowels, and the contraction is used to indicate it.
 
2014-08-21 04:35:12 PM  
Oh, and this guy's another gold bug.
 
2014-08-21 04:37:17 PM  
Japanese demographics. Many old people who don't spend money. Few young people who do spend money.
 
2014-08-21 04:38:00 PM  
Anyone that extrapolates an annualized GDP growth or decline from one quarter is a dishonest fark and needs to be ignored.
 
2014-08-21 04:38:25 PM  
I wish there was a way to internet-dope-slap that author.
\ I'm not buying any services from him.
\\ That'll show him.
\\\ Free Markets At Work.
 
2014-08-21 04:39:23 PM  

DamnYankees: Anyone know what the actual cause of the Japanese contraction is? What are the theories?

Also..

... Abenomics has failed and the Japanese economy has fallen victim to the scam called Keynesian economics. (Defined as the belief that a country can tax, spend, devalue and inflate its way to prosperity.)

Great definition of Keynesian economics. I'm surprised he didn't throw a gay slur in there.


I was going to say the author's bias is showing.
 
2014-08-21 04:39:30 PM  
The Economist has a more even handed article.

If the sales tax increase is partly to blame, perhaps the increase should have been phased in slowly, like 1% per year.
 
2014-08-21 04:39:40 PM  
I love this headline so much, I want to have sex with it. But only respectful, non-misogynistic sex, because that's what we believe in on Fark.
 
2014-08-21 04:41:58 PM  
This is the issue with too much debt.

one of the best ways to lower high debt to gdp levels is to increase growth which has the impact of increasing revenues and lowering social safety net costs.  however, this action has that ability to stoke an increase on interest rates and when you have a debt to GDP of sever hundred percent, that greatly increases your interest obligation.

One bright side here is that the vast majority of Japan's debt is held internally.  For the US, that is less the case.

No doubt about it, but Japan is in a sticky situation.
 
2014-08-21 04:42:27 PM  
I used to watch CNBC but it became less fact based and more political right wing nut based. You could tell the two camps were sort of starting to battle it out and it seemed to me the right wing nuts took over.
 
2014-08-21 04:45:03 PM  

HeadLever: This is the issue with too much debt.

one of the best ways to lower high debt to gdp levels is to increase growth which has the impact of increasing revenues and lowering social safety net costs.  however, this action has that ability to stoke an increase on interest rates and when you have a debt to GDP of sever hundred percent, that greatly increases your interest obligation.

One bright side here is that the vast majority of Japan's debt is held internally.  For the US, that is less the case.

No doubt about it, but Japan is in a sticky situation.


Nowhere in your paragraph did you come remotely close to showing how debt equates to GDP growth.
 
2014-08-21 04:45:13 PM  

HeadLever: One bright side here is that the vast majority of Japan's debt is held internally. For the US, that is less the case.


Wait whut?

cdn.factcheck.org

Looks like foreign is about 35%.

The Federal government owns 40% of it. Which I doubt they will freak out about it too much if they don't pay themselves on time.
 
2014-08-21 04:48:14 PM  

cameroncrazy1984: Nowhere in your paragraph did you come remotely close to showing how debt equates to GDP growth.


Nowhere did I try to link the two.
 
2014-08-21 04:48:32 PM  

Corvus: HeadLever: One bright side here is that the vast majority of Japan's debt is held internally. For the US, that is less the case.

Wait whut?

[cdn.factcheck.org image 531x355]

Looks like foreign is about 35%.

The Federal government owns 40% of it. Which I doubt they will freak out about it too much if they don't pay themselves on time.


Is 65% less than a vast majority?
 
2014-08-21 04:49:47 PM  

cameroncrazy1984: Nowhere in your paragraph did you come remotely close to showing how debt equates to GDP growth.


I think the point is, which I agree with, is one way to deal with your debt is to increase GDP. Because they you grow your way out of debt instead of cutting spending. If you increase your GDP you then make it easier to get rid of your debt because you have the potential of more revenue to pay it off.

It's what happened in the 90's. However in the 90s the horrible things he said would happened didn't because we raised taxes and took the surplus out of the economy to pay of debt and did not have to increase rates.
 
2014-08-21 04:51:06 PM  

DamnYankees: Anyone know what the actual cause of the Japanese contraction is? What are the theories?


I believe someone else has mentioned it, but Japan is suffering from many of the same problems Western European countries are: Low birth rate, aging population, high land prices. They also have a little bit of wage stagnation currently which combined with the sales tax increase to play merry havoc on purchasing patterns.
 
2014-08-21 04:51:11 PM  

Corvus: Wait whut?


For Japan that figure is 10% (90% is internal).
 
2014-08-21 04:51:34 PM  

HeadLever: one of the best ways to lower high debt to gdp levels is to increase growth which has the impact of increasing revenues and lowering social safety net costs.


Which did not happen the 90s because taxes were increased that kept inflation in check and rates low. So reality sort of puts a damper on that.
 
2014-08-21 04:52:02 PM  

Saiga410: Is 65% less than a vast majority?


When you are comparing to 90%, 65% is "less the case".
 
2014-08-21 04:52:11 PM  

HeadLever: Corvus: Wait whut?

For Japan that figure is 10% (90% is internal).


So then why does a 20% different make a huge amount of difference?
 
2014-08-21 04:52:16 PM  

Corvus: HeadLever: One bright side here is that the vast majority of Japan's debt is held internally. For the US, that is less the case.

Wait whut?

[cdn.factcheck.org image 531x355]

Looks like foreign is about 35%.

The Federal government owns 40% of it. Which I doubt they will freak out about it too much if they don't pay themselves on time.


Unskew that pie graph.  Deep thinkers know the jew slice is bigger than that.
 
2014-08-21 04:52:46 PM  

Dinki: Anyone that extrapolates an annualized GDP growth or decline from one quarter is a dishonest fark and needs to be ignored.


I learned from business school that quarterly earning are all that matter, ever.
 
2014-08-21 04:53:18 PM  

HeadLever: Saiga410: Is 65% less than a vast majority?

When you are comparing to 90%, 65% is "less the case".


And that 25% puts us into a huge bind because?

You think we could handle taking care of 65% of our debt but not more?
 
2014-08-21 04:54:00 PM  

Corvus: Which did not happen the 90s because taxes were increased that kept inflation in check and rates low. So reality sort of puts a damper on that.


True, raising taxes helps to lower the economic growth which helps to keep inflation in check and rates low.  This helps to keep borrowing costs low when you have high debt.
 
2014-08-21 04:54:03 PM  

bertor_vidas: DamnYankees: Anyone know what the actual cause of the Japanese contraction is? What are the theories?

I believe someone else has mentioned it, but Japan is suffering from many of the same problems Western European countries are: Low birth rate, aging population, high land prices. They also have a little bit of wage stagnation currently which combined with the sales tax increase to play merry havoc on purchasing patterns.


Don't they also have a problem with houses not retaining value for the owners?
 
2014-08-21 04:54:20 PM  

HeadLever: This is the issue with too much debt.

one of the best ways to lower high debt to gdp levels is to increase growth which has the impact of increasing revenues and lowering social safety net costs.  however, this action has that ability to stoke an increase on interest rates and when you have a debt to GDP of sever hundred percent, that greatly increases your interest obligation.

One bright side here is that the vast majority of Japan's debt is held internally.  For the US, that is less the case.

No doubt about it, but Japan is in a sticky situation.


When you increase interest rates, that doesn't increase the rate on existing debt. Only on new debt. So I'm not sure your theory here makes sense.
 
2014-08-21 04:56:42 PM  
Monetarism isn't Keynesian, last I checked.


bertor_vidas: DamnYankees: Anyone know what the actual cause of the Japanese contraction is? What are the theories?

I believe someone else has mentioned it, but Japan is suffering from many of the same problems Western European countries are: Low birth rate, aging population, high land prices. They also have a little bit of wage stagnation currently which combined with the sales tax increase to play merry havoc on purchasing patterns.


And let's not forget a long-held antipathy towards immigration.
 
2014-08-21 04:57:11 PM  

Corvus: So then why does a 20% different make a huge amount of difference?


Because the more debt you have in foreign hands, the more that they are worried about exchange risks of said bonds.   You can read more about that here.
 
2014-08-21 05:00:15 PM  

HeadLever: Corvus: So then why does a 20% different make a huge amount of difference?

Because the more debt you have in foreign hands, the more that they are worried about exchange risks of said bonds.   You can read more about that here.


Yeah I get that. I just don't think the difference you are making is drastic. Most people think foreigners own a majority of US debt which is just not true. I didn't want you to perpetuate that myth, even though it may have been accidental.

Sure if it was a majority of our debt and growing I would be concerned some, but it's not.
 
2014-08-21 05:00:57 PM  

DamnYankees: When you increase interest rates, that doesn't increase the rate on existing debt.


In the immediate term, correct.  However, all new debt and all debt that is rolled over will be subject to this higher rate which does increase your borrowing costs over time.  Obviously if you have very large deficits, much of your debt is short-term or if you have a large amount of long term bond that are nearing maturity, this is going to impact you more.
 
2014-08-21 05:01:53 PM  

Arkanaut: Monetarism isn't Keynesian, last I checked.


bertor_vidas: DamnYankees: Anyone know what the actual cause of the Japanese contraction is? What are the theories?

I believe someone else has mentioned it, but Japan is suffering from many of the same problems Western European countries are: Low birth rate, aging population, high land prices. They also have a little bit of wage stagnation currently which combined with the sales tax increase to play merry havoc on purchasing patterns.

And let's not forget a long-held antipathy towards immigration.


Honestly, I feel bad for anyone who would want to emigrate there.
 
2014-08-21 05:02:33 PM  

HeadLever: Corvus: Which did not happen the 90s because taxes were increased that kept inflation in check and rates low. So reality sort of puts a damper on that.

True, raising taxes helps to lower the economic growth which helps to keep inflation in check and rates low.  This helps to keep borrowing costs low when you have high debt.


And it started paying off debt. It was a win/win improved economy lower debt and it was vehemently attacked by Republicans saying it would destroy our economy.
 
2014-08-21 05:03:59 PM  

HeadLever: Corvus: So then why does a 20% different make a huge amount of difference?

Because the more debt you have in foreign hands, the more that they are worried about exchange risks of said bonds.   You can read more about that here.


Making SS safe in the future is much more an important issue. And when I say that I don't just mean steal from it like Republicans do.
 
2014-08-21 05:04:10 PM  

sendtodave: Arkanaut: Monetarism isn't Keynesian, last I checked.


bertor_vidas: DamnYankees: Anyone know what the actual cause of the Japanese contraction is? What are the theories?

I believe someone else has mentioned it, but Japan is suffering from many of the same problems Western European countries are: Low birth rate, aging population, high land prices. They also have a little bit of wage stagnation currently which combined with the sales tax increase to play merry havoc on purchasing patterns.

And let's not forget a long-held antipathy towards immigration.

Honestly, I feel bad for anyone who would want to emigrate there.


meh, i could go for a lifetime of fishing and being the tallest guy in the village.
 
2014-08-21 05:04:24 PM  

DamnYankees: Anyone know what the actual cause of the Japanese contraction is? What are the theories?

Also..

... Abenomics has failed and the Japanese economy has fallen victim to the scam called Keynesian economics. (Defined as the belief that a country can tax, spend, devalue and inflate its way to prosperity.)

Great definition of Keynesian economics. I'm surprised he didn't throw a gay slur in there.


D'Valu, she's a drag queen that does an off-Wall Street show every Friday.
 
2014-08-21 05:09:39 PM  

Jiro Dreams Of McRibs: DamnYankees: Anyone know what the actual cause of the Japanese contraction is? What are the theories?

Also..

... Abenomics has failed and the Japanese economy has fallen victim to the scam called Keynesian economics. (Defined as the belief that a country can tax, spend, devalue and inflate its way to prosperity.)

Great definition of Keynesian economics. I'm surprised he didn't throw a gay slur in there.

I was going to say the author's bias is showing.


CNBC is to business what FoxNews is to politics.
 
Displayed 50 of 256 comments

First | « | 1 | 2 | 3 | 4 | 5 | 6 | » | Last | Show all

View Voting Results: Smartest and Funniest


This thread is closed to new comments.

Continue Farking
Submit a Link »
Advertisement
On Twitter





In Other Media


  1. Links are submitted by members of the Fark community.

  2. When community members submit a link, they also write a custom headline for the story.

  3. Other Farkers comment on the links. This is the number of comments. Click here to read them.

  4. Click here to submit a link.

Report