muses of the moment

May 24, 2011

Japanese economic reports

Filed under: Dollar Crisis, Economic Crisis, Odds 'n ends, The Financial Crisis — totallygroovygirlfriday @ 12:13 pm

Finally, someone addresses the issue that groovygirl first thought when she heard that Japan’s economy declined 3.7% in the first quarter of 2011.

Groovygirl said to herself, didn’t the earthquake strike in March? That is less than 30 days of reporting and the country faltered 3.7 percent? Wow, can’t wait to see second quarter. And she also thought, Japan’s economy has not just slowed, it has stopped completely. But no one in the MSM regime remotely mentioned this. In fact, groovygirl went actively searching for data. She started thinking maybe Japan had a different quarterly structure from the rest of the world.

But this little piece of information didn’t slide past Chris Martenson, he addresses his subscribers here, Japan Teeters Over.

Of course, the confirmation of Japan’s completely dead economic outlook for the foreseeable future was confirmed by Goldman today. Goldman has downgraded China and upgraded Japan. Uh-yeah. In Goldman speak, that means Japan has collapsed, sell everything.

Japan will have an economy, it will just be purely based on clean up, rebuilding and printed money. That is a heavy capital input situation with no short-term return except survival mode.

Once again, let me state that Japan was the third largest economy on the globe before the earthquake. This is having a major impact on the global economy right now and moving forward.

Groovygirl will not even go into the ongoing radiation containment problems. That is a whole another post.

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2 Comments »

  1. Panic in Belarus as their currency is devalued by more than 50%. Is this what awaits the US?

    http://www.zerohedge.com/article/welcome-hyperinflation-hell-following-currency-devaluation-belarus-economy-implodes-sets-blu

    Comment by sw — May 25, 2011 @ 9:52 pm

  2. SW,

    Read this link, I will post on main page. Good example.

    gg

    Comment by totallygroovygirlfriday — May 26, 2011 @ 8:26 am


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