Shanghai is truly a cosmopolitan city. Every week I bump into people from France, UK, Australia, Germany and others. This morning, I met an Iranian businessman – a steel trader. He went to USC (in LA) 10 years ago but otherwise has been living in Tehran. He lives in just upstairs from me.
In April 2009, despite 2.2% increase in consumer spending, the GDP went down by 6.1%. People who want to buy the stocks look at the first number and those who want to sell look at the second number. In stock market, there no pessimists or optimists, just opportunists.— , http://www.economist.com/node/13569849
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