Thank you for the reference on something I do understand!! :o)
If 60 is the new 40, does that mean 40 is the new 20? lol On Jan 30, 11:28 am, Justice <[email protected]> wrote: > The title, of course, refers to a movie in which Meryl Streep plays > the Editor of Vogue Magazine. She may have been the woman who coined > the phrase, "60 is the new 40" meaning that women of 60 now have the > sex appeal, bodies and minds of 40 year olds. In any case, whether > she said it or not about age, she certainly is part and parcel of the > clothing size changes we've seen over the years. > > Marilyn Monroe is purported to have purchased size 12 dresses, which > would be equivalent to a size 6 or 10 today. In some circles, 12 is > considered Large or Large Medium, whereas 6 or 10 is a perfect size > for "real" women and size 0, which never existed 40 years ago are what > most runway models wear and teenage oriental girls wear today. (Back > then they were wearing petites and there were no zero, twos or fours > available. You bought children's clothing.) > > Oh well! Now that we know the historical reference, here's the > nutshell. > > Xi -- what do you think about this? > > The Chinese Devil Wears Prada: Why 0% Growth is the New Size 6.8% > PrintShare > Delicious Digg Facebook reddit Technorati Nouriel Roubini | Jan 22, > 2009 > The Chinese came out today with their 6.8% estimate of Q4 2008 growth. > China publishes its quarterly GDP figure on a year over year basis, > differently from the U.S. and most other countries that publish their > GDP growth figure on a quarter on quarter annualized seasonally > adjusted (SAAR) basis. > > When growth is slowing down sharply the Chinese way to measure GDP is > highly misleading as quarter on quarter growth may be negative while > the year over year figure is positive and high because of the momentum > of the previous quarters’ positive growth. > > Indeed if one were to convert the 6.8% y-o-y figure in the more > standard quarter over quarter annualized figure Chinese growth in Q4 > would be close to zero if not negative. > > Other data confirm that China was in a borderline recession in Q4 and > that it may be in an outright recession in Q1: production of > electricity plunged 7.9% in y-o-y basis; the Chinese PMI has been > below 50 and close to 40 for five months now. > > And with manufacturing being about 40% of GDP , manufacturing is > certainly in a sharp recession (negative growth) and the overall > economy may be close to a recession > > So the 6.8% growth was actually a 0% growth – or possibly negative > growth – in Q4; and the Q1 figures look even worse. So China is in a > recession regardless of what the highly massaged official numbers > claim. --~--~---------~--~----~------------~-------~--~----~ You received this message because you are subscribed to the Google Groups "World-thread" group. To post to this group, send email to [email protected] To unsubscribe from this group, send email to [email protected] For more options, visit this group at http://groups.google.com/group/world-thread?hl=en -~----------~----~----~----~------~----~------~--~---
