2009年2月24日 星期二

Yen Trend and global depression

Seems that the yen trend has changed.

Careful if you still have yen. I have warned you!

Yen usually go up when stock market go down, however this trend is no longer true this week. Global markets are down but yen also go down at the same time.

People may have realize the problem in Japan economy may be even bigger than the US economy. After all, Japan is extremely export oriented and domestic consumption cannot be boost. (Think selling new products to 60+ years olds.)

Things are getting worst by the hour, more and more people lose their jobs, less and less people can afford to spend. We are going into a long long recession without an exit. Last time Hitler helped the world out of depression, we may not be that "lucky" this time.

沒有留言: