Tuesday, 17 February 2009

How To Deal With An Economic Crisis

You just couldn't make this sort of stuff up. It seems Japan's economic woes finally got to the Japanese Finance Minister,Shoichi Nakagawa who went on TV out of his tree.

Absolutely brilliant performance, I think he should be guest speaker at Davos next year for a seminar on how to deal with an economic crisis. Click on the story from Bloomberg below to read about Japan's worst quarterly GDP performance since 1974.

Japan Economy Goes From Best to Worst on Export Slump

Japan’s economy, only months ago forecast to be the best performing among the world’s most advanced nations, has become the worst.

Gross domestic product shrank an annualized 12.7 percent last quarter, the Cabinet Office said yesterday. The contraction was the most severe since the 1974 oil crisis and twice as bad as those in Europe or the U.S.


deano said...

Reminds me of a t-shirt I used to own in my teens with 'When All Else Fails, Get Shitfaced' emblazoned across the front.

The Fundamental Analyst said...

Yep maybe he's g the right idea, just get shitfaced and rise it out