Japanese F-35, MV-22 buy in jeopardy...this is why you follow economic issues!

via CNN

Tokyo (CNN) -- Japanese Prime Minister Shinzo Abe has called for snap parliamentary elections for next month, following news that the country had slipped into a recession.
Abe also announced an 18-month delay in a controversial sales tax hike during a press conference Tuesday.

That's the first paragraph of the article.  What follows should send chills up the spine of defense corporations selling the F-35, the program office and MV-22 fanboys....

The prime minister said he will dissolve the parliament's lower house on Friday.
The Japanese economy slipped into recession in the third quarter.

Basically the Japanese Prime Minister just did to the Japanese govt, what the US public did to the Obama administration.

They got rolled.

Slobber-knocked.

Repudiated.

But why this matters is because with the Japanese economy slipping back into recession, the defense buildup that Abe was pushing is now dead in the water.

This is why you follow economic issues if you're interested in defense.  But the Japanese shouldn't feel bad.  The same is coming to our shores.  Defense analyst, Congressional analyst and Senators/Representatives themselves have all said the same.

Sequestration will continue.

The ramp up of F-35 production WILL NOT HAPPEN.

The death spiral is here.

SIDENOTE: Have you been paying attention to the long shore-man's slowdown in Los Angeles?  This will not be a booming Christmas as some predicted.  Retailers have already missed delivery windows from China.  Because of that China will continue to slow.  Germany is already in recession and the bad news will arrive at our shores soon enough.  2015 will not be a good year.  My prediction?  2014 was just a break from bad economic news.