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Strategies & Market Trends : Mish's Global Economic Trend Analysis

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To: zonder who wrote (17750)12/6/2004 10:23:57 AM
From: mishedlo   of 116555
 
Tokyo fears that Japan's strongest economic recovery in a decade could be derailed by the sudden appreciation in the yen against the greenback

Rien on the FOOL comments on the above:
That recovery is not founded on sound economics. Of course it would be derailed. What else would you expect?
On the one hand they keep financing the "consumer of last resort", and on the other hand they want that consumer to behave financially responsible?.

You cannot have your cake and eat it.

And as they are discovering, if you keep your cake to long, it will become inedible. (Read: Their savings are becoming worthless)


Best,
Rien.
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