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So 8 months ago was a bigger drop. Why should we panic now? Was 8 months ago an aberration due to extraordinary events and now isn't? Is there something else we
by cletus 7y ago
So 8 months ago was a bigger drop. Why should we panic now? Was 8 months ago an aberration due to extraordinary events and now isn't? Is there something else we're missing?
Whenever I see a story like this I always wonder "well, what were they saying when this happened the last time?". Here's one example [1].
This article actually seems more focused on "what does this mean for Japan?" and seems to use this data point from a self-proclaimed "highly volatile" series as a stalking horse for the planned sales tax hike, assumedly to argue it'll hurt the economy.
[1] https://www.euronews.com/2018/11/02/japan-september-machinery-orders-set-to-drop-but-firms-capex-seen-staying-firm-reuters-poll https://www.euronews.com/2018/11/02/japan-september-machiner...