“Men, it has been well said, think in herds; it will be seen that they go mad in herds, while they only recover their senses slowly, and one by one!”
Charles MacKay
Sunday, December 21, 2008
Not Cheerful or Hopeful
Severe Recession Bloomberg Japan reports a record drop in exports, a record rise in the Yen (which = a record fall in the USD), and the Japanese central bank is now buying corporate debt (the FED is doing that here in the US).
