Japan economy shrank more than initial report
12 minutes ago
Japan's economy contracted in the April-June quarter at an annual rate of 2.1 percent, worse than the initial estimate, the government said Friday, underlining the damage from the March earthquake disaster.There is an end to all this economic woes, but we are not in a normal inventory business cycle slowdown, we are in a debt binge deleveraging cycle that spanned deacdes in the making. Another gov't stimulus package wont make any difference.
$Trillions have been thrown and printed at the crisis and we still don;t have a REAL RECOVERY. This is the weakest statistical recovery on record. With the avg weeks needed to find a job still rising 2 years intot he supposed recovery....we have a ways to go, and IMHO there is great risk in being long the stock market.
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