Thursday May 24, 2012

Japan stocks fall sharply on U.S. recovery doubts

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  • 0

    chummin

    "The increasingly murky picture of the U.S. economy is the biggest cloud facing markets around the world, said Masayoshi Okamoto, head of dealing at Jujiya Securities in Tokyo."

    I don't believe it. I think this has more to do with record losses by major Japanese firms across the board. This in turn is fueling some angst in the US, Americans want to know when the worlds second largest economy will finally get its act together. In addition, the numbers coming out of Tokyo are mind boggling ! I mean we all knew how much the Japanese depended on the US consumer, but who would have thought at such heavy percentages. Talk about poor business management !

  • 0

    Sarge

    "U.S. recovery doubts"

    Who could possibly doubt the U.S. economy will recover with Obama at the helm?

    I hear the U.S. gov't is going to give Fannie Mae more billions. I can't stand it...

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