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They also have debt of about 200% of GDP, with a quickly diminishing population, that's a very bad situation. High debt levels are understandable during eras of
by jariel 6y ago
They also have debt of about 200% of GDP, with a quickly diminishing population, that's a very bad situation. High debt levels are understandable during eras of rapidly increasing productivity but not otherwise.
It's a giant, very well manicured, thoughtfully attended 'house of cards'.
But none of this means that job boards necessarily need to be regulated.
Montana has an unemployment rate of 3% and very few homeless as well, very stable economy.
- therwe234234 6y agoWorse, Japan's bonds were 'backed' by its manufacturing industry - much like US ones are 'backed' by its tech and military. S.Korea and China are eating Japan's lunch; this can't be good for the country.
- rmrfstar 6y agoIf you're interested in Montana, you should read [1]. [1] https://news.yale.edu/2020/07/23/billionaire-wilderness https://news.yale.edu/2020/07/23/billionaire-wilderness