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« London Telegraph: David Petraeus is Person of the Year | Main | 79 degrees in Sydney »

December 30, 2007



Now is this 40% smaller than the economic level before or after it was thought to be 50% bigger ?

Frank Warner

Yes, it does get complicated. Even that news story reads like an accordion. It seemed big, but then small, seemed bigger, then smaller, probably bigger, but a little smaller.


That's an extremely deceptive figure. It seems to be increasingly rare that you can buy any product not made in China. Services, sure, but they tend to localize over time, and become un-exportable.

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