2010-11-10

Social mood accelerating?

Mysterious missiles, a turn in precious metals markets, a possible bottom in the U.S. dollar, and now China fear back on top. Here's the very latest front page on Drudge. Here's a link to the story itself.
China may be bigger economy than US within two years

They are measuring by purchasing power parity. As an example, it costs less than $2 for a short cab ride in Beijing, but it costs much more in New York. Thus U.S. GDP is higher, but a cab ride is a cab ride. Not sure if they're adjusting for quality though...

No comments:

Post a Comment