Wednesday, December 14, 2011

Watch China

I've been watching the A Share Index for months. It was hitting a new low yesterday. That made me nervous. I was undecided whether to use a dramatic phrase like the last bolt on the world’s engine growth is about to give way. This is our last hope. If this last engine is giving up hope, our hope for some global economic growth will be dashed. Growth will gravitate to center. Pretty close to zero.

I will be out of town for a few days on a business trip, to China.

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