The Thread Formerly Known as No Rest For The Wicked Message Board

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Strategies & Market Trends : The Thread Formerly Known as No Rest For The Wicked

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To: Glenn who wrote (3986)	12/27/1998 1:24:00 AM
From: Glenn	Read Replies (1) of 90042

"December 27, 1998 Japan Unveils 1999 Draft Budget, Will Double Size of Annual Deficit Associated Press TOKYO -- Japan's Cabinet unveiled on Friday a draft budget for 1999 that will double the annual deficit as it pays for efforts to jump-start the nation's moribund economy. However, that task is not getting any easier and a new batch of government figures showed key indicators continuing to worsen with signs that Japan's harshest recession since World War II was getting deeper. Japan's Jobless Rate Rises to 4.4%, A Post-War High and on Par With U.S. The November figures showed industrial output still sliding, sales at department stores slumping and unemployment at a new postwar high." I'd be a little careful here. I did a TA on the dow and nas. Both remain bullish. Something has to give here. Smiles, Glenn

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