And, inflation relentlessly marches on by at least 10% while humanity remains on $2 per day and under; slavery is alive and well and the people even voluntarily vote for it; education is the only tool to bring about meaningful change; thank you; in peace
From Alhambra Investment Partners, by Jeffrey P. Snider
Last week, Japan reported GDP growth of 1.7% in Q1. That was much better than expected and led to all the usual extrapolations about how bright the future is in Japan now that QQE is working (and NIRP since that was started during the quarter). In this devalued economic world of central banking for the sake of central banking, context and common sense need not apply since all that matters is one quarter with a plus sign so that all prior quarters can be forgotten; no matter how many of them have piled up to this point.
Rising gross domestic product reverses a contraction in the fourth quarter of 2015 and means Japan has avoided another technical recession, defined as two consecutive quarters of negative growth.
The faster than expected pace of growth suggests the Japanese economy is managing to…
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