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The One Global Market Where There are Gains Behind the Gloom
It’s easy to be gloomy when it comes to the financial markets.
It’s even easier to write off China.
After all, the Red Dragon’s markets have collapsed by 70%, businesses are shutting down, lead-laced toys and poisoned medicines have tainted the minds of Western consumers, there’s a growing gap between the rich and the poor, inflationary clouds seem to be gathering, and verbuilding is a growing concern.
And that’s just a partial list.
Story continues below…
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The situation has gotten bad enough that China’s economic growth…
21Nov2008 | Money Morning | Comments Off | Continued
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