Business Cycles: The US And Japan
MARKET VOICE
Dr Andres Drobny, author of the DrobnyGlobalMonitor, discusses the implications of falling profits on the global economy and international financial markets
Cycles in capitalism can be roughly explained by the relationship between the rate of profit and the cost of money. It’s an imperfect relationship, but seems to apply right now. And it has ominous implications, both in the US and Japan. It’s Japan that suddenly seems the scariest. It’s also why I have recently abandoned the short yen trade.
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