HOW BAD ARE THINGS?
21 May 2009 by Cullen Roche
1 Comment
Germany GDP -14.4% annualized
Japan GDP -15.2% annualized
Mexico GDP -21.5% annualized
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Comments
And in Mexico the oil fields are drying up quickly, which will result in very serious economic and social problems in the near future. You could not tell that from the performance of the Mexican stock market over the last few weeks though, as it has risen strongly along with other emerging markets.