Monday May 28, 2012

Conway's past comments

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    Conway

    A Japanese Company in an alleged fraud scandal. I don't believe it !

    Article Unavailable

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    Conway

    Looks like we're sitting on some kind of fiscal time bomb here!! About a year ago, I read somewhere that servicing sovereign debt was costing the Japanese government around 40% of its income (tax revenue).... Must be about 10% higher now!!.....

    Posted in: Japan's public debt to hit record Y1,024 trillion

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    Conway

    weedkilaSEP. 24, 2011 - 07:15PM JST Why is it that they always need growth?! How much more consumerism do we need?!

    Absolutely agree......Perhaps 30 years or so of debt induced growth needs to be followed by 30 years or so of savings induced contraction.....For most of the developed world and not just Europe.....

    Posted in: G-20 tries to find global economic solutions

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    Conway

    LagunaSEP. 23, 2011 - 03:52PM JST

    Very well put and couldn't agree more....The extreme reactions of the markets are crazy .Might add irresponsible lending to the list, without which there would be no loans to default on....

    Posted in: Global leaders struggle to calm recession fears

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    Conway

    I think the DOW fell on Friday due to the very shocking NFP data and the Nikkei fell today because of the NFP and the doubt about German support for ECB bailouts......The US has a holiday today but all European bourses are tanking... .....Recession???

    Posted in: Nikkei expected to hold firm this week

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    Conway

    A not so firm, somewhat shaky start to the week, Monday, with a 1.86% (166 point)* fall*......

    Posted in: Nikkei expected to hold firm this week

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    Conway

    Not sure what jobs data the writer is waiting for, but Friday's NFP data was awful, resulting in a 2.2% drop for the DJ index. I'd be surprised if the Nikkei didn't start the week with a similar fall.....Could be wrong :)

    Posted in: Nikkei expected to hold firm this week

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    Conway

    SerranoSEP. 03, 2011 - 09:39PM JST Typhoon Talas? What happened to typhoon #12?

    Depending on the tracking site's counting method, I've seen tropical storm Talas numbered 12, 14 and 15W....Numbers alone are therefore confusing when there are several storms in the area at the same time, whereas all sites seem to agree on the name.....Confusion could be dangerous for international transport......

    Posted in: 2 dead, 5 missing as typhoon slams into western Japan

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    Conway

    @badmigraine

    Check out an item titled "Tepco finalizes a plan to cool down reactors" on the NHK World web site.... This idea was suggested here on March 28th by PepinGalarga ....Well done PepinGalarga....

    Posted in: TEPCO announces it will take 6-9 months to end nuclear crisis

  • 0

    Conway

    Advancing the clocks a couple of hours would reduce lighting demand during the early evening peak.... Installing converters to enable transfer of surplus to demand power from West to East Japan could help in the medium term...

    Posted in: Japan will struggle with power crunch after quake

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    Conway

    Nikoniko78........I think you've explained it very well.....Thanks for the education...

    Posted in: Osaka man arrested for employing 50 high school girls as prostitutes

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    Conway

    He should have the book thrown at him...But It's the sheer scale of this kind of report that always amazes me. I mean not two or three girls but fifty!! I'd have thought that most girls in their age group would run a mile when approached by some creep of his age. He seems to have missed his vocation as a super salesman. Then again maybe I'm naive in totally underestimating the materialism of h.s. girls

    Posted in: Osaka man arrested for employing 50 high school girls as prostitutes

  • 0

    Conway

    It's true that Japanese institutions own most of the debt created by the budget deficit but isn't it still a massive problem as even with the low interest rates here it still costs the Government 40% of annual tax revenue simply to pay the interest on the debt! What would happen if interest rates were to rise? Income tax dodgers cannot avoid paying consumption tax so how about lowering income tax mainly paid by employees and raise consumption tax paid by everyone. To help the poor, food, children's clothes, medicine and heating oil could be zero rated. This way it would be the income tax dodgers who would be hit the most :)

    Posted in: Kan warns of Greece-like debt crisis

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