BRIC-A-Brac: China Pivot or Spinning like a Top

[ProdigyofZen]

Re: BRIC-A-Brac: China Pivot or Spinning like a Top

O’Neill, who stepped down as the chairman of Goldman Sachs Asset Management in 2013 and became commercial secretary to the U.K. Treasury in May, declined to comment...

...“The BRIC acronym didn’t make any sense in the first place because you just randomly group four countries which are completely different,” Hovasse said from Paris..

O'neill made millions and is laughing to the bank.

No one thought that when they were investing in the "theme!!!"

[GRG55]

Re: BRIC-A-Brac: China Pivot or Spinning like a Top

O'neill made millions and is laughing to the bank.

No one thought that when they were investing in the "theme!!!"

The amount of rationalization that went on, even on iTulip, about China's "unbeatable" economic management, the BRIC's superior economic prospects, and the "end of the Dollar" (some were moved to explain in minute detail how China could and would accomplish this) fell slightly short of "Death to America", but not by much.

"Too often we enjoy the comfort of opinion without the discomfort of thought"
JFK