Tuesday, November 13, 2007

Article in Question: Economic Growth Returns in Japan

From the New York Times on November 13, 2007: “Economic Growth Returns in Japan

A follow up from yesterday’s article: The Japanese stock market is still down, but by end of trade yesterday, was only down 0.46%. Further, the NY Times article yesterday cited several other indeces that were suffering including the Hang Sang index and the South Korean Kospi, which were both up yesterday. It is unlikely that the US housing market (the Shiller index has been decreasing steadily over time) is the sole “random” culprit that caused all Asian markets to slump yesterday.

Today, the New York Times states that the Japanese economy is improving – growth is forecasted at an 2.6% annualized rate and there is no mention of the Asian markets.

So easily we forget.

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