If we can look away from the glory that is AAPL for a moment, we might think about the global economy. We know that Europe is in recession, but of course that doesn’t matter anymore. What does matter is that it looks as if China is already in a “hard landing” as its property bubble is bursting and exports sliding.

Yes, I know it is not important, that the U.S. consumer will make us all rich. Right. Too bad those Chinese and Europeans don’t have the consuming thing down properly yet.

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