Hello full of rubber capitals, hope you're well. So we have big news in the global economy right now just coming out breaking news if you will let's go right over to see NBC and check this out Japan's economy

unexpectedly who is not expecting this slips into a recession. So it's official they've come out and

actually announced that yes it is true. All those people on YouTube were not fear-mongering.

That was not fake news.

You know, they were saying that was disinformation and misinformation.

Well, now it's official.

Hurt by weak domestic demand. Now you may be saying to yourself, okay, George, well, look, I live in the United States, it's too bad for Japan. I don't have a lot of Japanese friends, but if I did I would feel

sympathy for them. But what do I care? I live in Ohio or I live in Miami and down here boy oh boy it is booming let me tell you what

so who cares what's happening on the other side of the world okay Okay, well, let's go through these key talking points

and then we're going to kind of zoom out a little bit

and go to some other places in the world, see how their economy is doing, and then we've got to ask some hard questions.

Assuming that other economies are doing poorly, and we do live in an interconnected world.

What are the probabilities that the United States avoids that recession?

More on that just a moment.

Key talking points here. Provisional GDP contracted 0.4%.

Obviously that's adjusted for inflation, what little they have there.

After a revised 3.3% slump July September period is weaker than median estimate

1.4. Okay, Japan, GDP also contracted 0.1 in the fourth quarter from the previous quarter after shrinking

a revised 0.8% in July.

Now I'd like to point out that the Japanese stock market is at all-time highs.

What?

They're going into recession at all-time highs.

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