by Tyler Durden
Yes, this is officially a recession. Of course, anyone reading Zero Hedge would have been perfectly aware of this outcome. And for it to be short, it means that the BOJ will be forced to print a few hundred trillion in Yen asap. Which in turn means that the USDJPY will surge and shift the Japanese recession even faster over to the US. And yes it means that the turbo print button among the central banks will get the F5 treatment as the second round of currency devaluation completes a lap.
There she is. The most glorious of the black swans, followed by the four horsemen right behind it.
http://www.zerohedge.com/article/japanese-economy-collapses-q1-gdp-drops-double-consensus-rate-epic-nominal-plunge-52
No comments:
Post a Comment