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Japan's Future: "It's Going to Be Scary"

Posted Aug 07, 2009 10:31am EDT by Peter Gorenstein in Investing, Recession
Related: ewj, ^jpn, sne, tm, jpy=x

After two decades of economic doldrums the Japanese economy is ready to hit the wall.  And, the impact will likely be felt around the world.  John Maudlin, president of Millennium Wave Investments, and George Friedman,  CEO of STRATFOR of global-intelligence firm Stratfor, tell Tech Ticker, "be afraid, be very afraid."

The two, however, disagree on what will spark the crisis. Mauldin believes the economy will collapse under the weight of debt.  Friedman says rising unemployment will fan the flames.

Why should we care?

Either scenario has the potential to unleash a crisis we can't imagine.

Friedman asserts: "The Japan we know now and how it behaves in the world is not going to be the Japan we know in 10 years… and it’s going to be scary."

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