For example, the not-worth-the-$3 Abelson claims that the +7% rate indicates a new beginning for the Nikkei while (in the same issue) Gene Epstein claims that the numbers are wrong - HH expenditures were barely up 1% and that the latest data reflect a bankrupt "pump priming" attempt by the gov't. Interestringly, Epstein cites another "Wallcon" (my name for wall street economists) who suggests that the gov't should socialize the non-performing bank loans (by floating bonds).
What's the deal? Jordan? Greg? Henry? Doug? Et. Tu?
Jason