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4. This unusual "indicator" could be the best warning that Greece is leaving the euro
 
5. You won't believe who JPMorgan just put in charge of its huge derivatives portfolio
 
Japan's economy is dying
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Wednesday, May 20, 2009
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By Daily Crux Editor Brian Hunt:

You think the U.S. economy stinks? It's a juggernaut compared to Japan. The latest from the world's second-largest economy as reported by the WSJ:

The government said early Wednesday that gross domestic product shrank 4% in the first quarter from the previous quarter, worse than the fourth quarter's 3.8% decline, and marking the fourth consecutive quarter of contraction. The latest reading translates into an annualized contraction of 15.2%, the worst performance since 1955.

Read full article...

More on the struggling Japanese economy:

Housing destruction: Japan prices hit 24-year low

The world's biggest bankruptcy is coming... here's how to profit

Japan going through incredible, Great Depression levels of decline

Topics: Japan | Recession | Boondoggle
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