Comments on: Japanese economy goes from freefall to plummet http://www.crikey.com.au/2009/05/20/japanese-economy-goes-from-freefall-to-plummet/ now with extra source Sun, 12 Feb 2012 06:22:59 +0000 hourly 1 http://wordpress.org/?v=3.2.1 By: Geoff Alford http://www.crikey.com.au/2009/05/20/japanese-economy-goes-from-freefall-to-plummet/#comment-26968 Geoff Alford Wed, 20 May 2009 08:26:56 +0000 http://www.crikey.com.au/?p=59805#comment-26968 A small correction! Could not have said it better! If consumers are NOT buying, exporters CANNOT export (unless they give the stuff away), and commodity suppliers (like Australia) CANNOT sell their raw materials at decent prices, resulting in several operations being closed down or postponed. So what do we make of today’s Age, where it is reported that CHINA’S economic recovery is “real” and could bring an Australian recovery within months - far sooner than the 2010-11 revival predicted in the federal budget, according to Reserve Bank Governor Glenn Stevens. For gods-sake, China is even trying to subsidise the purchase of new cars by its middle classes. Does Stevens know something we don’t know or did the emperor forget to wear any clothes? A small correction!

Could not have said it better! If consumers are NOT buying, exporters CANNOT export (unless they give the stuff away), and commodity suppliers (like Australia) CANNOT sell their raw materials at decent prices, resulting in several operations being closed down or postponed.

So what do we make of today’s Age, where it is reported that CHINA’S economic recovery is “real” and could bring an Australian recovery within months - far sooner than the 2010-11 revival predicted in the federal budget, according to Reserve Bank Governor Glenn Stevens.

For gods-sake, China is even trying to subsidise the purchase of new cars by its middle classes.

Does Stevens know something we don’t know or did the emperor forget to wear any clothes?

]]> By: Geoff Alford http://www.crikey.com.au/2009/05/20/japanese-economy-goes-from-freefall-to-plummet/#comment-26967 Geoff Alford Wed, 20 May 2009 08:22:48 +0000 http://www.crikey.com.au/?p=59805#comment-26967 Could not have said it better! If consumers are not buying, exporters cannot export, and commodity suppliers (like Australia) sell their raw materials at decent prices. So what do we make of today’s Age, where it is reported that CHINA'S economic recovery is "real" and could bring an Australian recovery within months - far sooner than the 2010-11 revival predicted in the federal budget, according to Reserve Bank Governor Glenn Stevens. For gods-sake, China is even trying to subsidise the purchase of new cars by its middle classes. Does Stevens know something we don't know or did the emperor forget to wear any clothes? Could not have said it better! If consumers are not buying, exporters cannot export, and commodity suppliers (like Australia) sell their raw materials at decent prices.

So what do we make of today’s Age, where it is reported that CHINA’S economic recovery is “real” and could bring an Australian recovery within months - far sooner than the 2010-11 revival predicted in the federal budget, according to Reserve Bank Governor Glenn Stevens.

For gods-sake, China is even trying to subsidise the purchase of new cars by its middle classes.

Does Stevens know something we don’t know or did the emperor forget to wear any clothes?

]]> By: David1 http://www.crikey.com.au/2009/05/20/japanese-economy-goes-from-freefall-to-plummet/#comment-26929 David1 Wed, 20 May 2009 04:07:07 +0000 http://www.crikey.com.au/?p=59805#comment-26929 How is it, the Japanese Yen remains fairly strong against the Australian dollar, given the huge downturn in their output? How is it, the Japanese Yen remains fairly strong against the Australian dollar, given the huge downturn in their output?

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