RSS Feed
Twitter
Facebook
Email
HomeBehind the Numbers…
Posted by Larry Doyle on February 17th, 2009 1:43 PM |
While the equity markets globally are down 3-4% today and are within a few per cent of the lows seen on November 20th, let’s take a look “behind the numbers” so we can most effectively “navigate the economic landscape.”
1. While the United States has lost 2 million jobs over the last three months, China has reportedly lost 20 million jobs in that same time period.
2. Japan’s 4th quarter GDP came in at -3.3%!! This retraction equates to an annual decline of approximately 13%!!
Comment….those numbers are not indicative of economies that are weathering the storm or ready to generate domestic consumption. No wonder why both Japan and China are so concerned about protectionist policies here in the United States. (more…)
