In its 2009 outlook strategy report, Merrill Lynch is upbeat that consumption can play a bigger role in China’s growth. Not only do China’s consumers have the cash to spend, they argue, but consumption as a percentage of the economy is at a huge secular inflection point. What’s more, China is possibly the only large [...]
Giving Federal money to Detroit to become more competitive is like performing brain surgery through the anus!
The long way to get at the problem and lots of poops blocking the way. It is possible that it will happen for the next couple of weeks.
I see no reason to be optimistic about anything beyond that. The [...]
Tax cuts do not create spending or stimulate growth when the economy is stuck in a liquidity trap. Show me a guy with disposable income who gets a tax cut, and I’ll show you a guy who saves that extra money instead of spending it. Cutting the corporate income tax is the most useless way [...]
BEIJING (AP) — China’s surging inflation and rapid economic growth have eased slightly amid government efforts to end food shortages and cool an investment boom, according to data reported Wednesday.
Consumer prices rose 8.3 percent in March compared with the same month last year, down slightly from February’s 8.7 percent rate, the highest in nearly 12 [...]
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