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September 25, 2005
The Dragon Flinches
The Organization for Economic Co-operation and Development released a survey last week projecting that China would be the world’s largest exporter and the fourth largest economy by 2010. Richard Herd, senior economist of the OECD supported the statement, saying that China’s phenomenal growth has been driven by the fact that they “have not flinched from reform”.
Recognizing the results as extremely impressive, this author can still think of a few overlooked flinches at reform that are worth reminding ourselves about.
Posted by Michelle Smith at 08:17 AM | Comments (0)
September 18, 2005
Homemade Irrational Exuberance
Home prices have risen over 50% in America in the last 8 years. These days even old Grandmas in line at Safeway can be heard chatting about a real estate bubble. So why won’t those stubborn prices stop jumping?
Posted by Michelle Smith at 06:37 AM | Comments (0)