Saturday, March 08, 2008
So here I was, having a great dinner with my good friend from a major i-bank. He receives a text from someone and asked "guess what the February CPI figure is?" I was bold and suggested "8.2%?" No, 8.7%!!I think it would be quite a milestone if China breaks 10% this month; it would be the first time in over 10 years. Let's not kid around; things are getting expensive here.
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