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Warning: The World's Third-Largest Economy Could Crash Soon

David4 Wrote: Nov 16, 2012 11:34 AM
Wonder why? Answer: "the EU banks would have collapsed." When the banks collapse what happens to businesses and people? Nobody has witnessed it since the early 1930s. Today's politicians don't want to look.

In the summer of 2010, a little-noted milestone took place. China passed Japan to become the world's second-largest economy. Now, Japan needs to keep an eye on the rear-view mirror. Germany and Brazil are gaining ground and may overtake the Asian country in coming decades as well.

Japan's steady decline  -- relative to other economies -- can be attributed to a pair of factors: A rapidly-aging population and a too-strong currency. These two factors are crimping demand for goods and services at home, as well as foreign demand for exports.

This isn't a new story. The Japanese economy has barely budged...