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Philip Morris International, Inc. Message Board

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  • vwdiesel10 vwdiesel10 Jun 7, 2012 11:24 AM Flag

    China cuts rates..down rallies......

    If China cut rates it is because hard landing was imminent. They are reversal 4 interest rate hikes because they cannot spur growth fast enough to overcome the slowdown. I would not be 100% happy over this-- it is an acknowledgement that things are a lot worse there than previously assumed. If anything, I would not be surprise if this created zero additional growth but merely put the brakes on the slowdown. How much damage has already been done?

 
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