Financial advisor keeps us up to date with blogs, newsletter and radio show.
Grand Rapids, MI -- (SBWIRE) -- 03/21/2013 -- No time to keep up with events in the world economy?
Dennis Tubbergen, a financial advisor, author, radio show host and CEO of PLP Advisors, LLC can be counted on to give a hand when it comes to understanding the latest events in U.S. and world economics.
Whether people enjoy his weekly newsletter at http://www.moving-markets.com or his blog at http://www.dennistubbergen.com, Tubbergen can be counted on to share his viewpoints and opinions. On March 15, 2013 his blog was titled Japanese Machinery Orders Plummet.
"Bloomberg recently reported that Japanese machinery orders dropped by 13 percent, even though a survey of economists predicted a 1.7 percent decline," began Tubbergen.
Below he quotes from the March 10, 2013 article.
Japan's machinery orders plunged 13 percent in January, the biggest decline in eight months, signaling limits on corporate investment as Prime Minister Shinzo Abe tried to drive an economic revival.
The decline from the previous month, announced by the Cabinet Office today in Tokyo, compared with the median estimate in a Bloomberg News survey of 26 economists for a 1.7 percent fall. Large orders can cause volatile results.
Japan returned to growth in the fourth quarter as the yen began to slide, bolstering Abe's campaign to end 15 years of deflation and revive the world's third-biggest economy. Today's data are a reminder that business investment will not drive the recovery, said Izumi Devailier, a Japan economist at HSBC Holdings Plc. in Hong Kong.
"Looking ahead, we expect accelerating consumption, residential and public investment," Devalier said. "But given that exports are trending at still-weak levels, it will take more time before we see the improved business environment spurred by the weak yen and increased manufacturer optimism translate into robust corporate investment."
The Japanese currency was little changed at 96.03 per dollar as of 9:33 a.m. in Tokyo.
Devalier cautioned against reading too much into a single month of "very volatile" data.
"If you think about Mr. Devalier's statements that business investment will not drive the Japanese economy but instead accelerating consumption and residential investment would drive the economic recovery, they make no sense," stated Tubbergen.
"If consumption accelerates, business investment will follow," Tubbergen explained. "The only statement that Mr. Devalier makes that may make sense is that public investment, a.k.a. government spending, will accelerate. That's what governments do when driven by Keynesian economic policies that are doomed to fail."
Tubbergen's bottom line here?
"Look for Japan to remain in recession moving ahead," concludes Tubbergen.
To read the blog in its entirety go to http://www.dennistubbergen.com and select his March 15, 2013 entry.
Tubbergen’s syndicated radio show can be heard on metro Michigan stations WTKG 1230 AM and WOOD Newsradio1300 AM and 106.9 FM.
About Dennis Tubbergen
Dennis Tubbergen has been in the financial industry for over 25 years and has his corporate offices in Grand Rapids, Michigan. Tubbergen is CEO of PLP Advisors, LLC and has an online blog that can be read at http://www.dennistubbergen.com. To view Tubbergen’s latest Moving Markets? newsletter, go to http://www.moving-markets.com.
The opinions expressed herein are those of the writer and not necessarily those of USA Wealth Management, LLC. This update may contain forward-looking statements, including, but not limited to, statements as to future events that involve various risks and uncertainties. Forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause actual events or results to differ materially from those that were forecasted. Therefore, no forecast should be construed as a guarantee. Prior to making any investment decision, individuals should consult a professional to determine the risks, costs, benefits and fees associated with a particular investment. Information obtained from third party resources is believed to be reliable but the accuracy cannot be guaranteed.