"Our Children and Grandchildren are not merely statistics towards which we can be indifferent" JFK

Wednesday, March 10, 2010

Japan's Q4 growth less than initially reported (a mere 17% revision)

Japan's Q4 revised GDP came in at 0.9% versus 1.1% initially reported and annualized growth revised to 3.8% versus 4.6%. This is a mere 17% reduction from the original report.

The Japanese markets are catching on to the U.S. quant, robot trading environment as they finished their morning session up 0.8% even with the 17% reduction.

Not to be out done by the U.S. orchestrated market manipulation, the following hit the Marketwatch wires after the GDP reduction:

LOS ANGELES (MarketWatch) -- Japan's monthly economic report, due out Monday, is expected to include an upgrade to the overall view for the first time in eight months, according to a report dated Wednesday. The Nikkei business daily reported that the economy is "making a steady recovery" due to corporate production growth on the back of stronger exports, particularly to China. The report, which didn't cite sources, contrasted with October-December economic growth figures released Thursday, which revised growth by a larger-than-expected margin to 0.9% from the previous quarter, compared to an initial reading of 1.1%.

"Making a steady recovery" sounds like a version of Christina Romer
and Timmy Geithner. U.S. Equity markets should rally on this news
as when quant fund robots control the market, the more the global
economy tanks, the more the U.S. market rallies.

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