Word: growed
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...course, the Chinese economic leaders have read all of the analysis about what caused economic collapses in large nations during the past. China has certain advantages that have never been present in another rapidly growing country. The country has both an abundance of national resources and a large supply of workers who can be trained to work in factories. China has also grown and continues to grow with virtually no restrictions on how industry effects the environment. The World Bank estimated that 700,000 Chinese die prematurely due to poor air quality. Perhaps the best way to look at that...
...price of oil will go to $80 per barrel...I feel good about that. *The US dollar would weaken later in 2009...I still believe that. *The 10-year Treasury yield would rise to 4% (on Monday, the yield was 2.9%.) I'm still going with that. *China will grow 7% in 2009. That growth estimate may be high, but China will definitely see 5% growth. *State and local governments will get into trouble. That's already happening. *Housing starts will reach bottom. I feel pretty good but not absolutely confident about that. * The savings rate fails to rise above...
...economy does get a stimilus lift, how will that play out in the stock market? I don't think the United States is going to grow faster than 3% at any time in the next five years. So we're not going to have the same kind of growth we had in the '90s, which was technology driven. And the decade we are currently in was really credit driven. As for this economy, I can't see where the big thrust is going to come from, so it's going to be a very slow growth recovery, and that means...
...disastrous for his nation, which barely functions economically even in peacetime. Clinton and the state department must let North Korea know that we are sick of playing the “cry wolf” game. Our military exercises will continue, and the government in Pyongyang can either grow up, or issue another statement to deaf ears. For now, North Korea has given the world no reason to take it seriously...
That admission notwithstanding, the government continues to talk up the economic prospects. Earlier this week, Russian Finance Minister Alexei Kudrin told a global investment and finance conference in Moscow that the economy will grow by 2% or 3% in 2010. Kudrin said a recovery depends on a resurgence of private spending. "The moment when private demand revitalizes itself on the market is the moment we emerge from the crisis," Kudrin said, the Russian media reported...