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Be Your Own Counterfeiter
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Being Tim Geithner
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Notes From a Press Conference Naif
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What Good is the News?
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Stressful Enough
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Not Regretting the Pound
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Introducing the New Ford Squeeze
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Non-Economic Questions of the Day
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The Stress Test Blind Alley
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Happy Hour
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Recovery Without Rebalancing
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The Shape of Your Recession
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Oct 16 2007 12:00am EDT
China Datapoint of the Day
Eight of the 20 biggest public companies in the world, by market capitalization, are Chinese. The US has just seven of the top 20.
To put it another way, China Mobile is worth more money than Microsoft, and China Life Insurance is worth more money than Citigroup.
Is all this a consequence of the Chinese stock-market bubble? Well, yes. But also: Welcome to the 21st Century.
(Via Abnormal Returns)
