Posts in category Economy →

Japan and Middle East pose interesting contrasts to the investors. Yesterday I mused on the recent string of extraordinary events, one natural and the other man-made, that are shaking up these two regions, and causing ripple effects on US market.
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Not long ago, national economies were more or less isolated from one another, and major shake-ups in one country – whether geopolitical (civil unrest, military coup, invasion) or natural (earthquake, tsunami) – rarely affected the economy of another.
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Warren Buffett said in a recent interview (broken link) that the US is “already in recession”, even though “perhaps not in the sense that economists would define it”, and “it will be deeper and last longer than many think”.
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