In the month of May, Japan’s exports declined 40% year on year.
Yesterday came similar news from Europe. Industrial orders in the Eurozone dropped 35% in April, from the year before.
“Fed on hold as slump eases,” reports The Wall Street Journal. What exactly is meant by ‘slump eases’ is unclear. As near as we can tell, the slump is getting worse.
In a nutshell, the meddlers believe they can borrow their way out of debt. If you say that the key problem in America is debt, they won’t argue with you. But they think that they can overcome that problem by borrowing trillions more.
TreeFarmer wrote:But now we are supposed to believe that central financial planning will save the world from the mistakes of the bubble era. That is the grand illusion waiting to be toppled. What fun it will be to see it come down!"
Sixstrings wrote:Hm.. where are the green shoots again???In the month of May, Japan’s exports declined 40% year on year.
Yesterday came similar news from Europe. Industrial orders in the Eurozone dropped 35% in April, from the year before.“Fed on hold as slump eases,” reports The Wall Street Journal. What exactly is meant by ‘slump eases’ is unclear. As near as we can tell, the slump is getting worse.
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