HAPPY HOLIDAYS, HAPPY NEW YEAR AND OUR GLOBAL THEMES FOR 2007
One can find humor anywhere.
I would like to quote from a piece of research by an analyst from one of the world’s largest financial institutions that I read the other day, “China’s industrial output only recovered marginally from last month’s slump. Real value added of industry rose 14.9% in November from 14.7% in October….Industrial growth may rebound early next year.”
Excuse me? What universe does the writer come from?
Economies only very, very rarely grow at 10%. Industrial output growth at 14.9% is astoundingly high for any . . .
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