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Game Over Japan: Real Wages Crash Most In 21st Century, Savings Rate Turns Negative

By: capt_nemo in FFFT3 | Recommend this post (2)
Sat, 27 Dec 14 9:00 AM | 46 view(s)
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Submitted by Tyler Durden on 12/26/2014 - 09:31

After two years of economic torture and financial destruction, Abenomics has finally claimed the Keynesian prize: real wages crash 4.3%, the most in the 21st century, and Japan's legendary savings rate, which peaked at 23% in 1975, just turned negative for the first time ever. Game over Japan.

Comments: 221
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http://www.zerohedge.com/news/2014-12-26/game-over-japan-real-wages-crash-most-21st-century-savings-rate-turns-negative

Realist - Everybody in America is soft, and hates conflict. The cure for this, both in politics and social life, is the same -- hardihood. Give them raw truth.

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