Things are looking very dire for the US Economy. Looking at all the economic indicators (albeit I am no economic expert!), it looks like one of the biggest recession to hit the US since The Great Depression is in the works.
I think this will start in the US and make its way to Japan and hit hard during the 3rd and 4th quarters of 2008. I wonder how this will affect the Japan retail, luxury and fashion sectors....
My Advise: Check your savings account, buckle in and brace for impact...2008 going to be wild one:)
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