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And You Thought the U.S. Had Trouble:

By       Message Mike Folkerth       (Page 1 of 3 pages)     Permalink

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Good Morning Middle America, your King of Simple News is on the air.

 

I keep focusing on the problems of the U.S. economy and to give all of you a much needed break, I’ll focus on someone else’s problems today; if only to assure you that we aren’t the only idiots in the world.

 

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As most eyes focus on the demise of the world’s largest economy (that would be us), the world’s second largest economy is feeling the pain. Japan is in trouble…again.

 

Who would have ever put it together that when the world’s largest economy slowed down their purchases from the world’s second largest economy that it would cause them to also slow down? I suppose they used some of those NASA computers to work that one out.

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Japan has more problems than Brittney Spears. They live on a bunch of islands that are smaller than California with a population 3.5 times greater than that of the Golden State. Yuck! The population density is 12 times greater than the U.S.

 

Some 80% of Japan’s landmass is covered by mountains; mountains with volcano’s. Japan has 10% of all the active volcanos in the world. Oh joy.

 

It would seem that Japan has about everything that a person could want, except oil and minerals of which they have somewhere around none.

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Japan is the second largest importer of oil in the world and that oil comes primarily from the Middle East. In the event that some of you haven’t seen the news in the last 2,000 years, the Middle East is somewhat unstable.

 

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Mike Folkerth is the author of "The Biggest Lie Ever Believed" and is not your run-of-the-mill author of finance and economics. The former real estate broker, developer, private real estate fund manager, auctioneer, Alaskan bush pilot, (more...)
 

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