Continuing with the theme of slow to negative global growth worldwide, Japan reported on Sunday that their economy has entered into a recession, falling -1.6% in the third quarter following a -7.1% drop in the second quarter. Japan has been aggressively printing money and causing their currency to fall incredibly. Please see the chart below. In the last two years, the Yen has fallen by over 30%. This does make their export driven economy much more competitive relative to U.S. companies and especially Chinese made products.

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PVG Market in a Minute 11-17-2014