Friday, February 25, 2011
Japanese parents flip coin with child to get spare bedroom
Mish talking about the change in Japanese demographics and pension bonds. I am not too concerned, this is an issue with a country in export surplus in which most of the lending is between parents and children. Parents quit saving, children quit borrowing. The younger take the job and master bedroom, the older takes the spare bedroom and plays video games. They have enough export surplus to manage. The real problem is getting the children to invest in grandchldren, and with mom and dad hanging around to pester them into sex, they just might solve the demographics.
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