Wisconsin native.
"The true soldier fights not because he hates what is in front of him, but because he loves what is behind him."--GKC
"Liberalism is the modern and morbid habit of always sacrificing the normal to the abnormal" --G K Chesterton
"The only objective of Liberty is Life" --G K Chesterton
"A man can never have too much red wine, too many books, or too much ammunition." -- Rudyard Kipling
The rise in copper prices would comport with the Conventional Wisdom that a recovery will show up late this calendar year.
But then, the CW also predicts a "W" shaped recession/recovery cycle.
We'll see.
By the way: the COMPLETELY ignored story on Japan has to do with demographics. Japan has no children, to speak of; therefore, the middle-aged workers are saving money like crazy to prepare for supporting themselves in retirement.
Children CAUSE economic expansion, generally speaking.
True as it relates to domestic consumption. But Japan has always been much more reliant on net exports to fuel expansion.
Yet somehow the Japanese managed to lose a decade of growth during a time period of booming global demand. I think the Japanese are a modern case study of what happens to a developed nation when it fails to properly repair it's financial system.
Bottoming out and recovery are two different things completely.
ReplyDeleteAsk the Japanese about the early 90's.
Ummmnnnhhhh....
ReplyDeleteThe rise in copper prices would comport with the Conventional Wisdom that a recovery will show up late this calendar year.
But then, the CW also predicts a "W" shaped recession/recovery cycle.
We'll see.
By the way: the COMPLETELY ignored story on Japan has to do with demographics. Japan has no children, to speak of; therefore, the middle-aged workers are saving money like crazy to prepare for supporting themselves in retirement.
Children CAUSE economic expansion, generally speaking.
True as it relates to domestic consumption. But Japan has always been much more reliant on net exports to fuel expansion.
ReplyDeleteYet somehow the Japanese managed to lose a decade of growth during a time period of booming global demand. I think the Japanese are a modern case study of what happens to a developed nation when it fails to properly repair it's financial system.
As we shall experience first hand I'm afraid.