China's weight in the world economy has been rising and was made excruciatingly apparent by the turmoil in U.S. equities markets over the past few weeks. Much of current stock market anxiety was at least "assembled" in China.
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Now the fat's in the fire. Both stocks and bond prices have been falling of late, due to the fear that the Fed will end its $85 billion per month QE ...
The long awaited GDP report is out. Notice it wasn't just durable goods that saw increases: non-durable goods and services also increased. And not by small amounts.
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