By: Peter_Navarro
Stock-Markets
We survived the brief market pullback so thus far September looks a bit safer than in previous years. The big question hanging over this market is whether the investment-led recovery will be given legs by a revival of consumption. The jury remains out on this as consumers are clearly saving more and undergoing an interesting transformation from spendthrift bubblemeisters to far more thrifty families. The danger is that we may catch Japan’s “paradox of thrift” disease: Japanese citizens have been so paranoid about the economy that they never spend enough to restore robust growth to the Land of the Setting Economic Sun.
See the video's link below:
http://www.thestreet.com/video/10598011/october-crash.html
globalmarketstrategist.blogspot.com
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