buy more than you sell
and then wonder why your balance of payments seem somewhat off.
Very interesting article and charts, which do support his contention that this now appears to be an "L" shaped recovery. However, that assumes that the decline in June sales will stop in July.
That does not mean that we will not see a "W" shaped relapse, or get lucky and see an elongated "U" shaped recovery. What it DOES say/mean is that we have not and will not see any "V" shaped recovery.
---------
--------
=======
Welcome to the Dreaded Japanese L
http://seekingalpha.com/article/215028-welcome-to-the-dreaded-japanese-l?source=email
======
No comments:
Post a Comment