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rffrydr Moderator


Joined: 30 Oct 2005 Posts: 16445 Location: Sunny California
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rffrydr Moderator


Joined: 30 Oct 2005 Posts: 16445 Location: Sunny California
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Posted: Wed Jul 14, 2010 7:37 pm Post subject: |
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All asia???
Singapore
Published: July 14 2010 09:41 | Last updated: July 14 2010 16:14
| Quote: | Sometimes an island of 700 sq km can spread cheer across a surrounding landmass roughly 64,000 times as large. Singapore’s first-half gross domestic product numbers, released on Wednesday morning, helped ensure a good day for equity markets across Asia. Three stocks rose for every stock that fell on the region’s 22 benchmarks; only Vietnam closed down.
There was not much reason, however, for the cheer to spread beyond Asia. That seems appropriate, because Singapore’s rampant GDP growth (following a nasty year-ago fall) – an 18 per cent pace in the first half, the fastest since records began in 1975 – is an almost exclusively Asian phenomenon. Singapore is a decent leading indicator for the rest of the region, but not the rest of the world. |
_________________ Today is the Tomorrow you worried about Yesterday! |
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rffrydr Moderator


Joined: 30 Oct 2005 Posts: 16445 Location: Sunny California
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Posted: Mon Jan 04, 2010 9:09 am Post subject: |
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GDP surprises to the downside. The US savings culture will remain a challenge. _________________ Today is the Tomorrow you worried about Yesterday! |
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