Japan Officially Slips Into Triple Dip Recession…China’s Shadow Banking Grinds To A Halt, Get Ready, This Sh*t Is On Like Donkey Kong!
Investmentwatchblog.com
November 17th, 2014
Japanese GDP fell for the 2nd quarter in a row making it official – as we warned a month ago – that Japan has entered a triple-dip recession. Againstr hope-strewn expectations that the rebound from a sales-tax-driven slump would create a magical 2.2% (annualized) expansion, Japanese GDP slumped 1.6% in Q3 – missing by the most since March 2011. So no tax increase… and thus fiscal responsibility goes out the window. Abe dissolves government and bails on another failure? The initial kneejerk reaction sent USDJPY surging back over 117.00 (and NKY followed) but that has quickly reversed and NKY futures are 600 off their highs (and S&P futures are back near last Monday’s lows).
The Rest…HERE
