China's Lucent Suffers From Late Stage Growth Obesity

Vitaliy N. Katsenelson has an excellent article at The Big Picture, go and read the post! For the lazy folks here is the key excerpt, in my view:

So is China really the first nation to rebound? Is this the first sign of a rebounding global economy?
I’m sorry to say that the answer to both questions is no.

This is very much against the "Farmageddon's" (Don Coxe's) view in the latest Basic Points. HT market folly.

Here you may try to download ginormous presentation "Green Shoots or False Dawn? Update On The Global Financial Crisis & Its Impact On Asia" by BNP Paribas