Japan's Machinery Orders Plunge at Double Economists' Predictions; Beneficiary of Beggar-Thy-Neighbor Export Policies is Gold

"The temporary (very temporary) Band-Aid placed on the global economic dike today by the German court ruling (see Stocks Rally in Yet Another Futile "We are Saved" Trade; Greek 1-Yr Yield hits 97%, "No Blank Checks"; Gold Decouples) is already in question, not in Europe but in Asia.

Please consider Japan machinery orders slump, signal weak investment

Japan's core machinery orders tumbled in July at twice the pace economists' had expected in a sign that companies are delaying investment due to worries about a strong yen, slackening global growth and slow progress in reconstruction from the March earthquake..."

at  http://globaleconomicanalysis.blogspot.com/2011/09/japans-machinery-orders-plunge-at.html?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+MishsGlobalEconomicTrendAnalysis+%28Mish%27s+Global+Economic+Trend+Analysis%29