Sunday, August 14, 2011

Japan the Engine

We see this pm that Japan’s GDP for Qt 2 shrank only 0.3% vs expectations of - 0.7%.

Exactly. We have known that Japan’s recovery would flatten estimates. Down only 0.3% for goodness sake afer that tragedy? No one else could have done that.

Watch the Japanese print a big plus for Q3.

Now the media, nothing else to do, predict the strong yen will spoil the party. Nonsense.
 

Robert Craven

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