As the earnings come in, it is clear that China, India, and other Asian countries are leading the companies to profits and optimism. Caterpillar, P&G, and other majors are all seeing growth overseas. One way to boost earnings is to let the dollar slide, so that overseas earnings translate to more money at home. However the fundamental drivers back home- productive capacity and productive labor and productive jobs, still remain in murky conditions.
Tuesday, October 20, 2009
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