Wall Street Journal (February 4, 2014)
The Nikkei’s fall puts added pressure on Shinzo Abe’s efforts to revive Japan. The correction may prove temporary, but it is surely a sign of underlying weakness in Abenomics, which should be fortified. “Policy makers shouldn’t govern by the wishes of stock markets, but in this case Mr. Abe could take a hint. If 2013 was the year when he hyped Japan’s economic prospects, 2014 will need to be the year when he starts doing something about it.”
Tags: 2014, Abe, Abenomics, Correction, Economic prospects, Hype, Japan, Nikkei, Policy makers, Stock markets, Temporary, Weakness
Economist (April 28)
U.S. home prices have rapidly corrected, having “lost nearly all the real gains they notched up in the bubble period.” In contrast, the correction has been slower in Europe. “British, Irish and Spanish house prices are still well above their “fundamental” value, while those in America are about right.”
U.S. home prices have rapidly corrected, they “have lost nearly all the real gains they notched up in the bubble period.” In contrast, the correction has been slower in Europe. “British, Irish and Spanish house prices are still well above their “fundamental” value, while those in America are about right.”
Tags: Bubble, Correction, Housing prices, Ireland, Spain, U.S., UK
