STOCK MARKET WATCH -- Wednesday, 19 November 2014

[Demeter]

8. "Check this out from the CFR’s magazine Foreign Affairs:

“Imagine the predicament currently facing a growing number of Japanese men in their early 30s. Despite having spent years cramming in high school and attending good colleges, many can’t find a full-time job at a good company. Since Japan’s rigid labor laws make it nearly impossible to lay off permanent employees in downtimes, companies now tend to fill open slots with part-time or temporary workers, and they typically pay them a third less. Today, 17 percent of Japanese men aged 25 to 34 hold such second-class jobs, up from four percent in 1988. Low-paid temps and part-timers now make up 38 percent of Japanese employees of all ages and both sexes — a stunning figure for a society that once prided itself on equality.” (Voodoo Abenomics, Richard Katz, Foreign Affairs)

See what I mean? How are you going to maintain strong growth when 38 percent of your workforce is plugging away at shitty-paying part-time service-sector jobs? It’s can’t be done..."

AND WHY IN HELL IS THE US FOLLOWING THE JAPANESE PATH TO FAILURE?


MARKETEERS, YOU MUST READ THIS ARTICLE! IT'S DEPRESSING AS ALL GET OUT, BUT CRITICAL TO UNDERSTANDING THE PATH WE ARE ON AND WHY IT IS THE ROAD TO HELL.