Japan continues to stutter along with its experimental policies with Japanese Prime Minister Shinzo Abe planning to deploy a massive Y3.5 trillion stimulus in order to stave off recession, to be approved by the Cabinet on Saturday.
This week Abe was elected for a third term, and with the rate of inflation in Japan ticking back to 2.1 percent (despite very low unemployment of 3.5 percent) both the government and central bank will continue to take extraordinary measures in order to get the economy to positive territory and growing again.
Participation rates are still well down, however, and it is also important to consider...
Part 2 - Payrolls
Certainly it's been a long, slow haul back from the horrors of 2009 but, in part thanks to experimental use of quantitative easing (QE) the US economy has seemingly reached escape velocity.
The most recent set of data released, which was also positive, concerned...
Part 3 - Growth
On Tuesday, the US Bureau of Economic Analysis released its National Accounts figures inclusive of the third estimate of GDP for Q3 2014 which revealed that:
A 5 percent annualised rate of growth, the fastest in well over a decade.
But the conclusions should be the same.
The US economy is in recovery - and that's great to see.