Daily Highlights: 3.15.10

Tyler Durden's picture

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Jeff Lebowski's picture

Submitted to ZH, but very well done piece last evening from the most unexpected of locations...  60 minutes.

 

http://www.cbsnews.com/stories/2010/03/12/60minutes/main6292458.shtml

 

curbyourrisk's picture

"Tire sales growth in China will be three times the global rate in coming years: Sumitomo."

 

I wish you would explain this coment a bit more, I believe it to be misleading.  The way it is written we are expecting a SURGE in Tire sales growth, led by China.  It should be noted that with the shift in production of autos to mainline China, it is not a surge in sales of tires, but a transfer of where they are heading.  We are not going to see MORE tires being needed, but a larger concentration of tires going to China.  This is not bullish.

mark456's picture

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