Tuesday, February 24, 2009

Japan - A Land Without an Economy

There isn't much that shocks me anymore economically with what is going on but I let out an audible gasp on this one. SHEEZ. Thanks goes to Pete.

http://www.bloomberg.com/apps/news?pid=20601087&sid=aaYhUGEBEOfw&refer=home

Japan’s exports plunged by a record in January, as recessions in the U.S. and Europe smothered demand for the country’s cars and electronics.

Exports plummeted 45.7 percent from a year earlier

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