Debt-Laden Japan A Global Danger
The popular perception is that Japan is stagnant but stable despite heavy government debt. So why are analysts earmarking it for the next global meltdown?
When the financial world tries to anticipate the next meltdown, all eyes turn to Europe. But some analysts are looking to Japan instead. "A global fiasco is brewing in Japan, predicted Societe Generale analyst Dylan Grice in a recent report. Japan has had no fewer than nine finance ministers in the last 4½ years — one of whom apparently committed suicide after resigning. It's savings rate is quickly approaching zero. Meanwhile, it has the oldest population in the world, with basically no immigration. When people retire, what do they do? They start to withdraw money from the banking system. You begin to see the problem.
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Meanwhile, Spaniards are the least likely to say their culture is superior to others.
- Survey by Pew Research Center shows great variation in chauvinism across Europe.
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- The results showed that the personality traits neuroticism and extraversion are linked to more negative views and behaviors related to obesity.
- People who scored high in conscientiousness are more likely to experience "fat phobia.
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