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They have a terrible economy.
What is happening in the USA with quantitative easing has been happening in Japan for 30 years. Their central banks is majority shareholder in most of their public companies.
Also I prefer layoffs to paycuts. Paycuts are awful. Most guys end up making barely more than layoff money and have to continue working instead of at least getting to be at home with their families.
They have a terrible economy.
What is happening in the USA with quantitative easing has been happening in Japan for 30 years. Their central banks is majority shareholder in most of their public companies.
Also I prefer layoffs to paycuts. Paycuts are awful. Most guys end up making barely more than layoff money and have to continue working instead of at least getting to be at home with their families.
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