Japan sub-prime mortgage crisis

[Taro Toporific]

[Coligny]

I thought the US problem was more based on the fact that those mortgage haz the always-up value of the house as collateral. Creating a self feeding downward spiral when people were defaulting-trying to sell-lowering property value...

Since in Japan houses are disposable and only the land keep a somewhat steady value I don't see how the problem can be as big.

But then again, I choozed to be communist because I dramatically failed economy 101 from kindergarden to university, and I still quite suck at anything involving money... (but my last cat was free from the parking, so in a country were they cost between 10man and 25man I was kinda sorta feeling like the king of wallstreet... (and is a very good cat also...))

[Coligny]

On a side note, so in 6 month it will be the good time to start playing some war profiteering ?

[nottu]

[baka tono]

On the bright side tent sales are up as the newly homeless move from condos to Colemans.