From the Murray Financial Group blog entry entitled: "Who’s telling the truth – Japanese officials or the U.S. media?" on March 19th, 2011, Chris Murray states:
"...I was fortunate enough this week to be invited to join in on a conference call that included four Japanese economists who live and work in Japan and are employees of JP Morgan...The bottom line is that even though there is concern and obviously uncertainty, the northern part of Japan where the earthquake and tsunami struck accounts for 4% of the country’s GDP. That means that 96% of the other goods and services produced by the world’s 3rd largest economy is business as usual. Also 10% of the country’s total electric supply comes from the damaged nulear power plant, so 90% of Japan’s energy sources are ship-shape..."
Uncertainty remains and there are many difficulties ahead for the people of Japan but, keeping perspective, this article helps.
An Introduction
Hi. Welcome to BourGroup and my blog. Phil
Phil Bour is a CERTIFIED FINANCIAL PLANNER(tm) professional since 2004, a Magna Cum Laude college graduate and an accounting professional for over 35+ years. I love numbers, statistics and economic history.
I am also an Enrolled Agent (EA) to represent taxpayers before the Internal Revenue Service and to prepare tax returns.
"Phil"osophy: I believe that you can manage your money on your own (not necessarily through individual stock selection but through mutual funds, ETF's and other solutions) once you receive some one-time, professional guidance. Why pay annual fees when there may be little added value? For additional information, first read the "An Introduction" label at the left. Then move on to others.
Phil Bour is a CERTIFIED FINANCIAL PLANNER(tm) professional since 2004, a Magna Cum Laude college graduate and an accounting professional for over 35+ years. I love numbers, statistics and economic history.
I am also an Enrolled Agent (EA) to represent taxpayers before the Internal Revenue Service and to prepare tax returns.
"Phil"osophy: I believe that you can manage your money on your own (not necessarily through individual stock selection but through mutual funds, ETF's and other solutions) once you receive some one-time, professional guidance. Why pay annual fees when there may be little added value? For additional information, first read the "An Introduction" label at the left. Then move on to others.