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However, economists were wrong again as Japan fourth-quarter GDP shows economy still in recession Japan’s economy contracted for the third consecutive quarter in October-December, showing the country is struggling to escape from a mild recession and adding weight to the new government’s push for radical policy steps to revive growth.
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Moreover, Inflation is a cause for optimism says Bank of England governor Mervyn King.
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Common Plans, Coordinated Lies, and G7 Currency Statements Inquiring minds are investigating an amusing set of lies from the G7. At the top of the list is Group of 7 Will Let Market Decide Currency Values . Seven major developed countries including the United States and Germany pledged on Tuesday to let foreign exchange markets determine the value of their currencies
In addition to stock market cheerleading and targets from Japan’s economy minister, Yen Weakens as Candidate for Bank of Japan Promotes Easing . Japanese stock futures rose and the yen weakened after Haruhiko Kuroda, a potential contender for Bank of Japan chief, said additional monetary easing can be justified this year.“If we do see a BOJ Governor of Kuroda’s calibre, the dollar-yen could well punch through 95 and would head to 100 very quickly,†said Evan Lucas, Melbourne-based market strategist at IG Markets Ltd., a provider of trading services.
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Please consider a repost of Quinn’s Illinois: regulations and cronyism crush entrepreneurship by Ben VanMetre. In Gov. Pat Quinn’s State of the State address , he said, “In our Illinois, small business means big business