Friday, May 29, 2009

Japanese industrial production bounces

Here's another green shoot from the global economy. Japan's industrial production late last year collapsed along with global trade and commodity prices, but in the past two months it has turned up significantly. This confirms the signals from commodity prices, energy prices, container shipments and shipping rates: global trade has rebounded, and the global economy is on the mend. There is still a lot of mending to do, of course, but the important thing is that we have seen the worst. Confidence is being rebuilt, and activity and prices will most likely continue to improve.


Cabodog said...

Jim Paulsen, chief investment strategist for Wells Fargo Capital Management seems to be sharing your views of a V:

Scott Grannis said...

I've known Paulsen for years, and more often than not we have been in agreement on the outlook for the economy. Regardless, he's one of the better economists out there.