mallarde

The Future of U.S. Consumer Spending: It's a Generational Thing

Living in Southern California, I would say that Japan has "good" demographics and the U.S. has "bad" demographics. If millions of poor and uneducated people fuel population growth in the U.S. -- as they decidedly do in CA -- then this is "bad."

True, Americans might consume more in aggregate, but so what? It's an economic sinkhole. We can always export like the Chinese, correct?


On Oct 22 06:11 PM User 353732 wrote:

> The Japanese had( still have) bad government, bad demographics(worse
> now) and good global competitiveness during the lost decade......which,inci...
> is now becoming the lost 2 decades.
>
> The US has bad government, good demographics and bad global competitiveness.
>
>
> Bad Government trumps everything else. Having an expanding labor
> force with relatively poor skills amongst the bottom third, high
> unemployment and underemployment , high debts and no credit does
> not lead to sustainable good quality growth.
>
> Demographics matter, of course, and matter hugely in the long term,
> but National policy, priorities and will matter even more in the
> near and medium terms.
>
> In America the tremendous liability of Bad Government overwhelms
> the great assets of good demographics, astonishingly good endowment
> of natural and technological resources and the entrepreneurial drive
> of small and new businesses