tag:blogger.com,1999:blog-8764541874043694159.post2769559930726297807..comments2024-03-29T10:48:38.142+00:00Comments on Coppola Comment: A Latin American tragedyFrances Coppolahttp://www.blogger.com/profile/09399390283774592713noreply@blogger.comBlogger55125tag:blogger.com,1999:blog-8764541874043694159.post-71154556615867689882015-03-20T08:01:11.253+00:002015-03-20T08:01:11.253+00:00BARCLAYS PRESTAMO EMPRESA
ATENCIÓN SOLICITANTE:
Gr...BARCLAYS PRESTAMO EMPRESA<br />ATENCIÓN SOLICITANTE:<br />Gracias por su respuesta a una solicitud de préstamo que,<br />a través del correo electrónico, y el contenido era<br />bien entendido. Estamos certificados y registrados prestamista de préstamos que proporciona préstamos con el solicitante en la necesidad de la baja tasa de interés del 3% Préstamos: tales como los préstamos estudiantiles, préstamos comerciales, préstamos agrícolas, préstamos hipotecarios, inversiones personales, préstamos para automóviles y préstamos para otros gastos importantes . Damos crédito que van desde $ 5,000 USD $ 1,000,000.00 USD a una tasa de interés del 3% con una duración de 1 a 10 años, dependiendo de la cantidad, por favor póngase en contacto con nosotros por correo electrónico: barclaysnationwideloan@gmail.com o barclaysnationwideloan@hotmail.com<br />por lo que puede ayudarle a adquirir un préstamo a usted como un candidato es honesto y genuino.<br />También ofrecemos préstamos y faclitate en situaciones de emergencia, lo que se puede hacer en menos de 48 horas.<br />La forma proveída abajo debe ser completado y enviado por correo electrónico de vuelta por la solicitud de una oferta de préstamo.<br />Nombre completo del solicitante: ___________________<br /><br />País / Estado residual: __________________<br /><br />Residual Dirección: _______________________<br /><br />Género: ___________<br /><br />Lugar de trabajo: ____________________<br /><br />Ingreso Mensual / subsidio / salario: __________<br /><br />Monto del préstamo necesario: ________________<br /><br />Duración: _________________________<br /><br />Tiene usted termina aplicando: ______________<br /><br />Su pronta respuesta será muy apreciada.<br />Mirando hacia el futuro para tener una buena relación de trabajo con usted.<br />Saludos, email: barclaysnationwideloan@gmail.com o barclaysnationwideloan@hotmail.com<br />BARCLAYS PRESTAMO EMPRESA.BARCLAYS NATIONWIDE LOANhttps://www.blogger.com/profile/02647982628843946635noreply@blogger.comtag:blogger.com,1999:blog-8764541874043694159.post-40689432802729412662015-02-03T04:08:20.969+00:002015-02-03T04:08:20.969+00:00To properly introduce myself,Am Mrs Lauren Harton ...To properly introduce myself,Am Mrs Lauren Harton a private loan lender i<br />give out loan at 2.5% interest rate. This is a financial opportunity at<br />your door step, apply today and get your fast loan. There are many out<br />there looking for financial opportunity or assistance all over<br />the places and still yet they are unable to get one. But this is a<br />financial opportunity at your door step and as such you can't afford<br />to miss this opportunity. This service is render to both<br />individuals,companies,business men and women. The loan amount<br />available ranges from any amount of your choice For more information<br />contact us via email:laurenhartonloanoffer007@gmail.com<br /><br />LOAN APPLICATION FORM FILL AND RETURN.<br /><br />Full Name..............<br /><br />Country...................<br /><br />Address................<br />State..............<br /><br />Age...............<br /><br />Marital Status...............<br /><br />Loan amount needed as loan.............<br /><br />Personal Phone Number...............<br /><br />Occupation ....................<br /><br />Monthly Income.................<br /><br />Have you applied before?.............<br /><br />In acknowledgment of these details, We shall send you our loan terms along with repayment schedule and If you agree to the terms and conditions ,you stand to get your loan within 24hours. This depends on your seriousness and urgency in obtaining the loan.<br />I gladly await your swift response,<br /><br />Yours Sincerely,<br /><br />Mrs Lauren Harton<br />Luaren Hartonhttps://www.blogger.com/profile/16613052871535855390noreply@blogger.comtag:blogger.com,1999:blog-8764541874043694159.post-15056505172600282052015-01-17T11:06:14.513+00:002015-01-17T11:06:14.513+00:00J,
I had no idea that things are that dire in you...J,<br /><br />I had no idea that things are that dire in your country. Sounds a bit like Poland in the 80s besides crime. I have never been mugged in my life and do not personally know anyone who was and I live in Warsaw.<br /><br />Again, your arguments only support my claim. Venezuela's problems come from corruption, cronyism, lending to insiders, foreign debt etc. I agree that at this stage of social decay things seem impossible to turn around. Corrupt oligarchies/vested interest leaching on your national wealth took the nation hostage and won't budge. <br /><br />Honoring ODIOUS foreign obligations will only lead to further inflationary spiral.<br /><br />I'm afraid that our discussion is really about culture not economics.<br /><br />Mariusz BTOhttps://www.blogger.com/profile/07742433311983036311noreply@blogger.comtag:blogger.com,1999:blog-8764541874043694159.post-72738825870608928472015-01-16T08:08:00.500+00:002015-01-16T08:08:00.500+00:00Hello Mariusz.
I am Venezuelan. I live in Venezue...Hello Mariusz.<br /><br />I am Venezuelan. I live in Venezuela.<br /><br />I have the answer to your thought experiment. If the world disappeared tomorrow we would have to wipe out bottoms with plaintain leaves or just keep a a pot with water nearby. The last remaining paper manufacturer called PAVENCA shut down a few months ago. Right now we are running on govenrment imports. <br /><br />Oh and if I could help it, I would not want a single Bolivart (our currency) for any service or product I sell. I hate the Bolivar. I don't trust this regime. No one does. Every time you go to market you can afford less and less. Plus the bolivar can't buy the books for university, or the laptop I require for my work, or (dare I wish to live with at least one of the comforts you dismiss) a pair of Nike's. Those things aren't produced here. I buy dollars in the black market as a means of safeguarding my income. If I want food I sell back and go to make. If I want anything else I buy it online and then retrieve it once a year when I travel to the US. Those trips are becoming increaaingly difficult because the airlines have also shut down, seeing as to how they cannot repatriate their income from operations in Venezuela.<br /><br />Economists and theorizers dig themselves in so many levels of abstraction that they forget that money can only have value if it can buy you stuff that you want, and that stuff has to get produced and taken to market. When you speak of an economy without industrialization, then it's just people moving paper around. <br /><br />Venezuelan laborers have become lazy. The brain drain has left us with no professionals. Investors have closed shop or are unwilling to enterprise because they fear one of three things: that the government could seize their property as a "strategic resource of the nation"; that price control and wage increase regulations will eat up their investment; that the need to import or repatriate will make them dependent on a government that has the sole control over foreign currency and does not like to pay its debts, so that you give them all your bolivares and have to wait for years before you get a single dollar... If ever.<br /><br />Don't you see Mariusz? We aren't a victim of the IMF of the international banking consortiums, or the US or the dollar. We, the people, are the victims of our government. We are the victims of regimes that manipulate the ignorance of the great mayority of us and promise to give us everything for free, but end up stealing and back dealing their way into lavishness at the expense of our lives.<br /><br />BTW I publish anonymously because I fear being identified by someone in the government and loosing my livelihood for saying bad things about them. They own nearly everything and pursue dissenters ruthlessly.<br /><br />I want to.live a human life. I'm tired of mere subsistence. And my brothers, the Venezuelans who live in the slums, they aren't tired. They don't know of a better life. They don't expect proper clothing or food. They don't want a better car or a asfer home. They have been taught to conform, to wait and to keep quiet. They celebrate when they find toilet paper. They celebrate when there is running water. They are happy to find flour, even if they have to wait in line for 12 hours. They are scared though and they are dying in roves to violence and starvation. <br /><br />I live in a quaint little appartment with my parents. I cannot afford one of my own and rent is 10 times my income. I have an engineering degree and life is hell. Last year I was mugged three times. I've been held hostage and hit with the butt of a gun. I can't afford marriage or children and I am afraid to go out at night. And I'm angry. If you want culprits dear Mariusz, then I offer the irresponsible bottom dwellers who sell the world on stupid pipe dreams instead of simply acknowledging that people should work. Conveniently they are the same ones who steal everything from those they claim to defend.<br /><br />JAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-8764541874043694159.post-91337398519746601832015-01-11T19:55:18.219+00:002015-01-11T19:55:18.219+00:00Alex,
You seem to be stuck in "current accou...Alex,<br /><br />You seem to be stuck in "current account crisis" false paradigm.<br /><br />"... I am deeply curious how he (or she) believes the Venezuelan people will obtain luxuries such as toilet paper, since there is no domestic production..."<br /><br />They will pay toilet paper producers with their own currency. If producer X won't accept it than producer Y will or no deal. With all this oil Venezuela has there is plenty of demand for their currency.<br /><br />Let's play a little thought experiment:<br /><br />What if the whole world disappeared tomorrow and only Venezuela was left? Would they kill themselves , or worse eg.stop wiping their bottoms ? :)<br /><br />World monetary system will not allow Venezuela to "withdraw" , to much money to be made there. <br /><br />By the way I introduced myslef to Frances in my previous comments. My name is Mariusz and this is a boy's name. Keep attention and you won't have to waste your brain energy asking unnecessary questions.<br /><br />Regards<br /><br />Mariusz BTOhttps://www.blogger.com/profile/07742433311983036311noreply@blogger.comtag:blogger.com,1999:blog-8764541874043694159.post-24469196139534426042015-01-10T15:10:27.916+00:002015-01-10T15:10:27.916+00:00Hello,
BTO seems to be advocating a wholesale with...Hello,<br />BTO seems to be advocating a wholesale withdrawal from the world monetary / trade system for Venezuela. This is simply not an option for the country. I am deeply curious how he (or she) believes the Venezuelan people will obtain luxuries such as toilet paper, since there is no domestic production? The domestic economy was completely destroyed by the Chavistas, so they have no means of feeding their people other than imports. <br /><br />ThanksAlexnoreply@blogger.comtag:blogger.com,1999:blog-8764541874043694159.post-78168912220838307592015-01-06T09:23:41.716+00:002015-01-06T09:23:41.716+00:00OK, so it seems that household savings have been f...OK, so it seems that household savings have been falling steadily for some time - but I did a bit more digging and it also seems that private corporate savings have been rising. So overall there is no great fall in the savings of the Japanese private domestic sector.gastro georgenoreply@blogger.comtag:blogger.com,1999:blog-8764541874043694159.post-23499535837589466682015-01-05T21:25:31.553+00:002015-01-05T21:25:31.553+00:00Since my original point got derailed, I decided I&...Since my original point got derailed, I decided I'll make an extension here:<br /><br />1) It is often not politically possible to maintain a sensible fiscal/trade/currency posture, at least without the aid of a friendly hegemon, and countries generally don't. The basic reason why is that most such poor countries simply do not have the human resources necessary to fill out the bureaucratic muscle necessary to do any redistribution on political imperatives efficiently. If one is a reader on urban politics or state/province politics, like, say, the Strong Towns blog, one can easily understand how difficult it is to maintain expenditure or design infrastructure appropriately--in the face of local political imperatives. More than that, if you read regularly about state politics, say Kansas or New Jersey politics, you can get a feel for how strong that imperative to loot the taxpayer base is, even to utter insanity. These politics tend to do what they have to do, say what they have to say, to pretend that productive bureaucratic infrastructure like teachers and road repair guys aren't worthy. That pension plans should not be honored, or that the idea of adequately funding IT programs to keep the electronic side of the government working is utter tomfoolery. <br /><br />That's why I think that talking about "mistakes" should always be handled with a level of political astuteness. There are reasons why Venezuela or Cuba tries to do the games it does, and not accounting for them ensures that bad policy will always follow, because there will be no political support for what economists think are "sensible". Ireland made no real "mistake", and nor did Spain, fiscally--although, I strongly suspect that the tight (prudent) fiscal policy did a LOT of preliminary damage, not that either supported particularly sensible initiatives (build lots of malls, housing far from jobs, and unneeded airports for the win!). Tight fiscal policies diminish human talents, allow insider business entities to starve entrepreneurs, and silently lay infrastructure bottlenecks. They make austerity policies at the downcycle procyclic as people can't be rotated into more efficient or more profitable activities for lack of all the things that should have been done during good times. This is all really big, such that overly simplistic rhetoric only favors conservatives, no matter how much you don't favor idiot initiatives.<br /><br />2) About China, my feeling was, and I really should have said this more clearly, is that I think that there is a crisis pending with a dollar shortage with all of China's trade partners, and that this undermines any sense of comfort regarding China's control over its currency--the RMB becomes more of a proxy for getting US issue than for Chinese trade needs.shah8https://www.blogger.com/profile/04537529816304128000noreply@blogger.comtag:blogger.com,1999:blog-8764541874043694159.post-40709550886923034362015-01-05T20:49:36.937+00:002015-01-05T20:49:36.937+00:00Ok gastro, I did the Google search for you:
http:...Ok gastro, I did the Google search for you:<br /><br />http://www.esri.cao.go.jp/en/sna/data/kakuhou/files/2013/tables/25i5_en.xlsVincent Catehttps://www.blogger.com/profile/06502618776820144289noreply@blogger.comtag:blogger.com,1999:blog-8764541874043694159.post-47705049791805661642015-01-05T18:44:41.201+00:002015-01-05T18:44:41.201+00:00Current world trade dynamics can trace their origi...Current world trade dynamics can trace their origins in the north of Europe during the Tudor phase of exploitation .<br />Towns such as Dingle in the early 1500s were engaged in balanced trade most probably exchanging the miniature cattle of the west for spanish wine.<br />London's aim via the use of crown forces was to concentrate rather then create wealth.<br />It labelled Dingle among others the Hussy Dingle .<br />No less then one of the infamous Greys was dispatched to extract the towns wealth.<br />All of Ireland's wealth was thus concentrated in England which most probably enabled the beginnings of proto industrialisation during the Elizabethan era.<br />We have been living with the horrid ramifications of this corporate takeover of the world ever since.<br />So as to maintain its control Anglo american power is now engaged in a total war of destruction with the implosion of ancient Syrian cultures having a similar dynamic to previous gael destruction.The dork of corkhttps://www.blogger.com/profile/01169780628052433662noreply@blogger.comtag:blogger.com,1999:blog-8764541874043694159.post-36466552645376711472015-01-05T18:12:06.542+00:002015-01-05T18:12:06.542+00:00at typically causes the collapse of the supply cha...at typically causes the collapse of the supply chain in this modern banked universe.<br /><br />A extraction of purchasing power via the mechanism of usury.<br /><br />Noble efforts such as this attempt to supply the local town of dingle with low input dexter beef live a precarious existence.<br />Your mission should you choose to accept it is first bypass the various euro health and safety ( cartel ) laws.<br />Then you must attempt to sell your product to local people whose purchasing power has been extracted in gross manner.<br />You are forced to rely on a precarious income from the long distance tourist consumer trade and not local fishermen and farmers who have long gone the way of the dodo.<br />Obviously the amount of inputs required to transport consumer tourist roboten dwarfs even industrial farming input requiriments.<br />However everybody on the island is forced to pay for this weird scarce money trade via this artificial balance of payments crisis.<br />.<br /><br />http://m.youtube.com/watch?v=eVy2fshDe9cThe dork of corkhttps://www.blogger.com/profile/01169780628052433662noreply@blogger.comtag:blogger.com,1999:blog-8764541874043694159.post-204882271677197812015-01-05T17:32:38.407+00:002015-01-05T17:32:38.407+00:00ctd.
taxes regulate aggregate demand and make cu...ctd. <br /><br />taxes regulate aggregate demand and make currency "desired" . This is a primary reason Greece is in such a mess right now. It became a local fiefdom dependent on markets, ECB, and taxes to spend.BTOhttps://www.blogger.com/profile/07742433311983036311noreply@blogger.comtag:blogger.com,1999:blog-8764541874043694159.post-39335036157125598712015-01-05T17:25:55.133+00:002015-01-05T17:25:55.133+00:00Evaggelos,
A trick was played on small deposit ow...Evaggelos,<br /><br />A trick was played on small deposit owners that convinced them they are rentiers hence cementing their support for "hard currency". This way little people bark in defense of the big fish , this happens all the time look at TEA PARTY fanatics in the US working for the oligarchs against their own interest. <br /><br />GREXIT won't do any good either? Why are you so sure dear Evagellos ? Maybe 5 more years of double digit unemployment will incite you to reconsider? Is 40 per cent enough for you or you need 50 ?<br /><br />I will tell how GREXIT can be managed. Your governemnt says bye bye to EZ , pays all its employees in Drachma , settles tenders and decides on new investements in Drachma , all taxes must be paid in Drachma. It must default too. Than it starts Job Guarantee program for anybody able and willing to work , it can pay on weekly basis in the beginning. <br /><br />People have jobs , economy starts working again and after an adjustment period things settle down. <br /><br />Magic? Again study Argentina and its exit from 1:1 USD peg.<br /><br />p.s.<br /><br />"...Instead of printing money, the government should convince the citizens to pay their taxes in advance, while still inside the EMU, by issuing some kind of national state bills which will offer tax discounts instead of interests..."<br /><br />Why????? Please explain , because no matter how hard I try I don't get it. Sovereign governemnt doesn't need taxes to spend , it's econ 101.BTOhttps://www.blogger.com/profile/07742433311983036311noreply@blogger.comtag:blogger.com,1999:blog-8764541874043694159.post-55628010924731019262015-01-05T17:04:34.231+00:002015-01-05T17:04:34.231+00:00Vincent: "so mine makes sense to me" We...Vincent: "so mine makes sense to me" Well it would, wouldn't it, not to quote Mandy Rice Davies.<br /><br />Just give us one set of real stats (not a report) that shows that Japanese households have started meaningfully dissaving.gastro georgenoreply@blogger.comtag:blogger.com,1999:blog-8764541874043694159.post-47486603058254563732015-01-05T15:13:21.661+00:002015-01-05T15:13:21.661+00:00The main reasons why there is still a large group ...The main reasons why there is still a large group of Greek people who want the country to remain in the EMU are two: a) they don't like austerity but they know what to expect. So one reason is the fear of the unknown and, b) their money don't lose it's value, at least literally. It becomes lesser but it doesn't depreciate. The above reasons apply to all those who still have any money left, no matter how much. Those who don't have anything just don't care. As far as I am concerned, I can't blame any of the two groups.<br /> <br />Would a grexit cause hyperinflation? I can't tell. What would surely happen would be: the government would have to print money in order to recapitalise, mainly pension funds and the banks. Now, the group of people I mentioned above, those who still have any money left, would go bananas and try to get rid of the new national currency. In the end the government would have to apply capital controls but (so many of them really) there is always the black market. The people would keep drawing their money from the bank accounts to exchange it at the black market, even in smaller amounts.<br /><br />So where does that get us? Austerity is not doing any good. However grexit won't do any good either, at least for Greece. Instead of printing money, the government should convince the citizens to pay their taxes in advance, while still inside the EMU, by issuing some kind of national state bills which will offer tax discounts instead of interests. Prof Varoufakis can explain this better than me. Anyway what matters is that, in a very short time, these bills would become a covered up parallel currency, providing liquidity and at the same time a safety pillow, in case Greece was to be pushed out of the EMU, in order to set an example for all those in Europe who don't like hard money.<br /><br />Always keep in mind: tragedy and drama are Greek words...<br />Yours truly, EvaggelosAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-8764541874043694159.post-77219954272799858532015-01-05T14:15:28.794+00:002015-01-05T14:15:28.794+00:00I would say local prices are more sticky than exch...I would say local prices are more sticky than exchange rates, but they can not stay fixed forever unless the economy is totally cut off from the rest of the world. North Korea might not care about their exchange rate, but Japan will feel the difference.Vincent Catehttps://www.blogger.com/profile/06502618776820144289noreply@blogger.comtag:blogger.com,1999:blog-8764541874043694159.post-24987232413609544252015-01-05T14:11:59.067+00:002015-01-05T14:11:59.067+00:00Frances, you say, "What international investo...Frances, you say, "What international investors think of the yen is unimportant. Hyperinflation is a domestic phenomenon. " The Yen has gone from 75 to the dollar to 120 to the dollar. If it makes it to 150 that is a factor of 2 and 225 would be a factor of 3. If Japanese stuff can be bought for 1/2 or 1/3 what it used to, there would be a huge increase in demand and it would drive up prices in Yen. If Japanese have to pay a factor of 2 or 3 for all imports then those costs will drive up other costs and the expenses ripple out through the economy. Tourists are already flocking to Japan in record numbers to take advantage of what to them seem like really low prices. This is also more demand. At some point people will be buying anything that can move easily and taking it out of Japan. So cars, trucks, boats, new and used seem really cheap to foreigners unless the prices go up. But if those prices go up, their increased cost has to ripple out. It will take some time for the ripples, but it seems to me that eventually this will drag up local prices. If not, everything will be boxed up and shipped out of Japan at some point. This is part of hyperinflation to really. Lots of tourists and all sorts of things being exported, even that did not used to be.Vincent Catehttps://www.blogger.com/profile/06502618776820144289noreply@blogger.comtag:blogger.com,1999:blog-8764541874043694159.post-1207424430217946722015-01-05T14:03:52.165+00:002015-01-05T14:03:52.165+00:00gastro, I don't know. Mine says "Japanes...gastro, I don't know. Mine says "Japanese household savings is negative for first time ever" and yours shows "Japanese worker savings" is about the same. I would guess these are different things. Not sure what is what. But it is normal as you go into hyperinflation for money to start moving faster and not sit around in savings so much, so mine makes sense to me. :-)Vincent Catehttps://www.blogger.com/profile/06502618776820144289noreply@blogger.comtag:blogger.com,1999:blog-8764541874043694159.post-41273297952348056172015-01-05T12:12:39.580+00:002015-01-05T12:12:39.580+00:00Vincent - that is a report, not the stats themselv...Vincent - that is a report, not the stats themselves. If you look at, for example http://www.tradingeconomics.com/japan/personal-savings, there is no sign of the savings rate falling dramatically.gastro georgenoreply@blogger.comtag:blogger.com,1999:blog-8764541874043694159.post-36949160942506305402015-01-05T01:44:42.888+00:002015-01-05T01:44:42.888+00:00Hyperinflation was never in the interest of any co...Hyperinflation was never in the interest of any country, yet it happens again and again. For each individual they would be better off investing outside Japan than holding 5 year bond denominated in Yen and paying 0.02% interest per year. The people in Japan see the prices on Amazon going up about 1% each week and it is in their interest to spend and not save. For the first time ever they are drawing down on their savings. You need to look at it from the actions of each individual and not what would be good if they all did a certain way.<br /><br />We will see who is right in the next year.Vincent Catehttps://www.blogger.com/profile/06502618776820144289noreply@blogger.comtag:blogger.com,1999:blog-8764541874043694159.post-32819488802417416772015-01-05T00:47:55.972+00:002015-01-05T00:47:55.972+00:00Vincent,
There is very little evidence that in an...Vincent,<br /><br />There is very little evidence that in an economy like Japan's with an ageing population and rising per capita GDP central bank purchases make much difference. The savings of the Japanese are virtually entirely held in yen and yen-denominated assets. They aren't going to dump their currency in favour of someone else's. It's not in their interests to do so. <br /><br />You really do need to take more notice of domestic conditions. What international investors think of the yen is unimportant. Hyperinflation is a domestic phenomenon. Frances Coppolahttps://www.blogger.com/profile/09399390283774592713noreply@blogger.comtag:blogger.com,1999:blog-8764541874043694159.post-53886117658547460532015-01-05T00:24:35.129+00:002015-01-05T00:24:35.129+00:00Aren't we a bit quick at drawing conclusions i...Aren't we a bit quick at drawing conclusions in the absence of counterfactuals here?<br /><br />Greece without the euro crisis (or some equivalent shock) would have likely plodded along as a poor country with dysfunctional governance and ever lagging (median) real incomes and standard of living compared to better run countries. The shock therapy could have been smoothed with better European institutions, but it's not obvious the end game will be worse for the average Greek, especially if Tsipras gets the mandate to finish some of the necessary reforms (e.g. reducing church privileges and getting rich people to actually pay due taxes) that the incumbent parties have not dared doing, and that no electable party would ever had a mandate to do under a perpetual devaluation model.<br /><br />Without parallel universes to conduct controlled trials, we'll never know for sure, but reasonable people should be at least open minded to the possibility that their hypothesis on such a complex matter is not a certitude.cighttp://commentisglee.wordpress.com/noreply@blogger.comtag:blogger.com,1999:blog-8764541874043694159.post-17011169022360005062015-01-05T00:15:00.564+00:002015-01-05T00:15:00.564+00:00gastro, here is a link:
http://www.bloomberg.com/n...gastro, here is a link:<br />http://www.bloomberg.com/news/print/2014-12-26/japan-s-real-wages-decline-most-since-2009-in-challenge-for-abe.htmlVincent Catehttps://www.blogger.com/profile/06502618776820144289noreply@blogger.comtag:blogger.com,1999:blog-8764541874043694159.post-66007663682487635442015-01-04T23:22:37.785+00:002015-01-04T23:22:37.785+00:00Vincent. Link please?Vincent. Link please?gastro georgenoreply@blogger.comtag:blogger.com,1999:blog-8764541874043694159.post-54589807843786233202015-01-04T22:51:16.157+00:002015-01-04T22:51:16.157+00:00Because Abe weakened the YEN to make life easier f...Because Abe weakened the YEN to make life easier for the exporters , hitting hard the real wages. This is what exporters do , rely on foreign demand and long for better "competitivness" what actually is an euphemism for shafting labor. Check YEN's performance recently it imitated RUBLE almost. BTOhttps://www.blogger.com/profile/07742433311983036311noreply@blogger.com