Thursday, March 3, 2011

Conflicting Data Points on Korea

There have been bank runs and increases in consumer prices and debt levels, as covered on this blog.

In the meantime, Korea’s industrial output reportedly continues to grow for the 19th straight month in January

We have to learn to look behind many conflicting data points, between the lines.

Like the U.S. and China, Korea has engaged in an easy monetary policy. The costs of this policy have outweighed the benefits.

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