Build me a son, O Lord, who will be strong enough to know when he is weak, and brave enough to face himself when he is afraid, one who will be proud and unbending in honest defeat, and humble and gentle in victory.
This is more a case of investors pouring money into the Japanese economy than a case of investors scooping money out of the U.S. economy, ... The dollar is weak against the yen, but strong against almost all other currencies, which suggests to me that it's speculative money flowing into Japan.
Consumer spending growth has generally been trending at about 2.5-to-3 percent at an annual rate -- not booming, but not terrible, ... The fact that the job market is still weak is restraining optimism a bit; hopefully, as the recovery gathers pace, we will start to see more job growth.Jim O'sullivan