Archive - Apr 1, 2009
Month end on Japanese yen
Submitted by Tyler Durden on 04/01/2009 06:48 -0500As Zero Hedge has noted before, we think the market was underestimating the severity of the crisis in Japan. As we looked at the numbers, we couldn't help but think that some were being a little optimistic in light of the macro factors at play. At month end, the market reacted sharply to almost consistently bad news coming out from Japan; unemployment, production, retail and the Tankan indices all came out below expectations.
Overallotment: March 31
Submitted by Tyler Durden on 04/01/2009 01:06 -0500- Several hours after claiming opposite, Obama concludes bankruptcy best option for GM, Chrysler (Bloomberg)
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