China’s Actual Base Affects Inflation As Well As Prosperity
Those pesky base effects. For most of the world’s economic data, these have contributed much to creating the misimpression the global economy is doing well, if not on fire. By comparing data now (or a month ago) to the same a year earlier, boy can it look splendid. In the stock business, they’re called easy comps.The Chinese, however, have just [...]
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