Wednesday, December 30, 2009
Japan unveils growth plan for next decade
"Last week, Japan unveiled a record $1 trillion budget for the next fiscal year, reflecting the prime minister's campaign pledge to boost spending for child support and cut wasteful outlays on public works..."
Japan is boosting domestic spending and investment. China has already been doing this. These countries will see their economies improve dramatically as a result while the U.S. misguidedly seeks deficit reduction in 2010.
Boost your investments in Japan and China. The U.S. is pursuing a course that will keep us weak relative to the growth that will be achieved in these countries. Forex traders should sell the yen!