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John Lounsbury, Managing Editor and Co-founder of Global Economic Intersection, provides comprehensive financial planning and investment advisory services to a small number of families on a fee only basis. He has a background which includes 34 years with a major international corporation, 25... More
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  • Chindia is Slowing Down 1 comment
    Dec 1, 2011 12:41 AM | about stocks: INP, FXI, EWT, EWH, PIN

    In the news tonight are two unwelcome items of note.  In the first, China has reported its first month of contraction for manufacturing since February 2009, four months before the official end of the U.S. recession.  In the second announcement, India reported GDP growth for the quarter ending September at 6.9%.  India also had not had a quarter below 7% since the end of The Great Recession.

    From GEI News:  

    ... the economy grew 6.9% in the September quarter, slower than 8.4% in the same year-ago quarter and 7.7% expansion in the April-June quarter.  Separate data showed the key infrastructure sector slowed to a 5-year low at 0.1% in October piling more pressure on the government and policymakers.

    Just when there appears to be improved chances for the U.S. to avoid recession, the growth engine of the world, Asia, is slowing down.  And, of course, we know that the austerity in Europe will not be creating any significant growth soon.

    Deleveraging from a credit bubble is beginning to feel like waterboarding. 

    Stocks: INP, FXI, EWT, EWH, PIN
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  • Tas 2010
    , contributor
    Comments (272) | Send Message
    Wasn't that the plan? China has been trying to slow its economy by raising rates across the board. When they are ready to reverse course they have the means to do just that.
    1 Dec 2011, 07:00 PM Reply Like
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