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"China poised to pass US as world’s leading economic power this year"

A lot of people have been kicking around that story for a while, and depending on which currency conversion used some say China's already bigger. Back in the early 1950's America's gdp was more than half the world's total and now we're "only" about 30%; somehow I don't see how being richer is a bad thing if others get rich too.

Good morning! Yesterday we saw stocks rise a bit in slightly higher trade and this morning's future traders call for more advances today with metals off. News:

Stocks brush off China, U.S. data misses, euro bulls run May Day holidays in Europe and much of Asia muted the market impact on Thursday of data showing China's vast manufacturing sector just missed forecasts, a day after U.S. growth numbers had also disappointed. That and persistent doubts about the European Central Bank's policy plans helped lift the euro, something the ECB, which meets…

Fed tapers, markets shrug but Dow manages record close

Daily Ticker

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