Updates
December 7, 2014: the Japanese contraction was a bit worse than initially reported: a GDP contraction of 1.9% in the revision, versus the 1.6% initially reported. Analysts had expected a contraction of 0.5%. Expectations: not much recovery in the current quarter when it's reported.
Original Post
Is the USA next? Right after Russia, and Europe? The only continent with growth is Antarctica ... and that is the f*#&^%g ice.Link here.
The Japanese recession is blamed on a tax increase. Remember, one of the largest (if not the largest) tax increases in the history of the US is yet to be fully implemented. Most of ObamaCare was deferred or delayed until 2015 or 2016 by executive order.
This is not an investment site. Do not make any investment, financial, or relationship decisions based on what you read here or what you think you may have read here. Make no travel plans based on what you read here. I post quickly and frequently; typographical and factual errors are likely. If this information is important to you, go to the source.
How will US stock market react to this news? Remember: Japan is the world's 3rd largest economy. It UNEXPECTEDLY slips into recession. How do you think the US stock market will react. Hint: Dow futures tonight are down 80 points. The market will use any excuse to take a profit; the market is trading at new highs; has hit record highs in six of last seven sessions. Time for some profit taking. Talking mony.
Mony, Mony,Tommy James and the Shondells
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Might As Well
A quickie. Perhaps.
Wind energy industry looking for extension of the wind energy tax credit.
Yes, or no? Do you support that extension?
The poll at the sidebar at the right won't stay up long, unlike most polls.
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Now It Is Safe To Report: The Gap Widens
Moving POTUS Off Center Stage Of This Three-Ring Circus
Moving POTUS Off Center Stage Of This Three-Ring Circus
On on August 31, 2012, I wrote:
I've argued that the gap between the haves and the have-nots is widening. I've also argued that many analysts have not adjusted to the "new" economy. the economy is doing poorly for some; not so poorly for others.I've written about the widening gap between the "haves" and the "have-nots" on numerous occasions.
I see there are several links over at the Drudge Report with that theme (see below). The number of stories on the widening gap begs the question, "why now?" Why are these stories starting to appear now; even I noticed this as far as as August, 2012, and probably well before that.
The answer. It has to do with what I've been saying for the past few weeks. With the mid-term elections now behind us, it is time for the mainstream media to start moving Obama off center stage to make room for Hillary (though the tea leaves suggest she needs to start writing a new book and simply fade away).
Here are the stories that are now being reported by the mainstream media, to continue the process of moving POTUS off center stage:
- Widening gap: the haves vs the have-nots
- Super rich leaving very rich behind (think taxes) -- same link
- Half of Florida households struggling financially
- 25% of those living in Connecticut (the wealthiest state) can barely afford necessities
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Note for the Granddaughters
For the Archives
Some years ago when I started my aggressive reading program, I read a bit of Daphne du Maurier, including Rebecca. Then I saw the Hitchcock movie. For whatever reason, I got the movie out again, and began watching it again this week. Watched it last night again for the first time in a long time. Tonight, the movie with the critic's commentary. It is an incredibly good movie; holds up very, very well over time.
