This week’s Market Update is posted at Alpha Baskets and includes the following;
Japan reported that its CPI 0.0 versus the Bank of Japan’s target of 2% which raises deflationary concerns which have plagued that country for many years. Japan is often cited as having a demographics problem (average age 44.6 in 2010) which some believe contributes to the deflationary threat. Europe and the US (close to 40 and 36 respectively) also have demographics problems, but not as bad as Japan, and they are both trying to stave off their own deflation.
Please click through for the entire update.
The picture is from the NASCAR race I went to a couple of weeks ago. There are few of these around the track. The on-duty firefighters sit in the tucks during the race waiting to be dispatched.