Quote Of The Day: Japan's Downgrade Raises All Ships
May 31st, 2011 3:29 AM
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Amazing quote in today’s Nikkei [sub]:
“Shares in Toyota Motor Corp. gained further ground Tuesday afternoon, after Moody’s Investors Service Inc. said during the lunch break it may downgrade Japan’s sovereign debt ratings.”
Welcome to the wicked world of global economics.
Now, U.S. auto industry, don’t get any ideas …
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This is not a surprise. Japan has been economically ill for over a decade. The Tsunami set the country back again.
Enough of the japanese disaster pics already!