Subject: David Hale: Japan Recession Shock, but the US Continues to Outperform
From: "David Hale" <[email-masked]>
To: "R. Hunter Biden" <[email-masked]>
Date: Wed, 19 Nov 2014 18:21:19 -0800 (PST)

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To download [Fourth Quarter Survey of the Developed Economies-The US Continues to Outperform.pdf], click on the following link:
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To download [TOE-Japan back in recession, surprise GDP drop.pdf], click on the following link:
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Dear R. Hunter,

The releases of third quarter GDP figures for Europe, Japan, and the US 
have confirmed that while US growth will remain robust, the outlooks for 
Europe and Japan are decidedly mixed. This dichotomy is causing monetary 
policy to diverge as well, which will continue to affect dollar exchange 
rates. Looming as a potential wildcard is the unambiguously positive 
economic ramifications that would materialize should a deal between Iran 
and six major global powers be reached next week. We explore these 
issues in greater depth in the attached report, "Fourth Quarter Survey 
of the Developed Economies: The US Continues to Outperform."

You are also able to comment on  this report

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 at  davidhaleweb.com

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Additionally, we are attaching Richard Katz's

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recent report on Japan's surprise descent into a recession last quarter. 
You can subscribe to his research on EconVue

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by clicking here

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. 

With all best wishes,

David Hale 

Chairman

David Hale Global Economics, Inc.

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