Afshin Rattansi : A recession in Japan

Afshin Rattansi in Tehran talks to Max Keiser in Paris about a global recession.
TOKYO (Reuters) - Japan's economy contracted in the second quarter at its sharpest rate in seven years, adding to worries that the world's No.2 economy has slipped into a recession as global growth shows more signs of losing steam.

Consumers and companies cut spending as they struggle with steep energy and raw material costs, while spreading damage from the U.S. slowdown hurt exports to emerging nations -- possibly marking the end of Japan's longest expansion since World War Two.

Category:

News & Politics

Tags:

• japan
• gdp
• dollar
• keiser
• rattansi
• economy
• inflation
• stagflation
• dow
• ftse
• oil
• opec
• iran
• iraq
• goldman
• suisse

[peaceanddemocracy001]

Max Keiser is a real smart, honest frank guy.

He's cool too!

[suki2011]

Max Keiser is very good at telling it how it is.

[12235117657598502586]

USA is the Leper with the most fingers!!

HaHaHaHaHaHa!...Yet another perfect analagy of the sick condition of the economy, by Max.

[justgetsome]

Max is a god!

[pathoplastic]

true, but, the mass casualties of this greed are the poor while the ceo's (and the worlds 5% richest) will make it out relatively unscathed...we'll literally pay for their sins...I'm not sure there's a good moral to that story.

[elephantinpajamas]

Dollar vs other currencies, "The leper with the most fingers."

It's telling: in the Bible leprocy is a spiritual disease. Seems like we're getting to that point where our hubris leaves us nowhere else to turn. Speculation is a dying sport, selfishness leads off the cliff.

[BendoverBernanke]

Truth

[visionvictory]

thx for the post