Monday, March 31, 2014

Japan ticking time bomb?

According to Larry Summers,former Treasury Sec.,he worries about Japan leading world in next economic crises.Japan will raise it's Vat tax(value added sort like a sales tax) from 5% to 8%,also Japan debt as percent of G.N.P is believe or not higher than Greece. One major problem in Japan is aging population,not enough young workers to finance the welfare state.However last year Japan's stock market did very well but still was after years of in being doldrums.
Brazil's credit rating the other was drop by Standard and Poors.
U.S stock market,with low interest rates and some much trouble around the world looks still very good,it just maybe no place else to put money.

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