The Inevitable End

By |2014-11-19T10:00:26-05:00November 17th, 2014|Economy, Federal Reserve/Monetary Policy, Markets|

The word “unexpectedly” has made its appearance in Japan with the latest quarterly GDP release. Economists had forecast between +2.2% and +2.5%, so -1.6% counts for an “outlier” to commentary. This result, following a quarter where GDP already fell 7.3%, is nothing short of atrocious and leaves no doubt the disastrous shape to which Japan has befallen. As I said [...]