So far it was only down by 45%, may not be that excessive this time around.. but we still have more room to come off...
All the indicators are implying US is trending towards what Japan has experienced in their 8/90s. And Japan has not performed for almost 20 years.
Order book cutting, shipbuilding coming to a halt, trading activities slow down dramatically, capacity oversupply, freight rates are free-falling, transportation cost is not an issue anymore.
Glad that i just went to Hokkaido this summer. It would be a good time to visit EU now! Also there's speculation of AUD going down to 0.50. Many people got squeezed by the FX trades...
Guess what, AIG said they may need more than 123bn to keep the business running....well, US gov't better has a hella powerful of a money printing machine.
Glad that i just went to Hokkaido this summer. It would be a good time to visit EU now! Also there's speculation of AUD going down to 0.50. Many people got squeezed by the FX trades...
Guess what, AIG said they may need more than 123bn to keep the business running....well, US gov't better has a hella powerful of a money printing machine.
No comments:
Post a Comment