Yes, it's an unambiguous positive. But in terms of its overall importance, it's only marginal.
More Quotes from Carlos Asilis:
The story is clearest in the natural resource area. They import a lot from resource-rich countries like Brazil and Chile. It's no mistake that those are two of the top five performing markets in the world this year.Carlos Asilis
The things that make up the bulk of consumer expenditures for most U.S. households -- all of them seem to be moving up significantly.
Carlos Asilis
By introducing noise, they hope the adjustment will be smoother.
Carlos Asilis
There is a risk that if China liberalizes the foreign exchange system when the banks need to be recapitalized, there could be trauma in the system. My impression is that the Chinese are going to be as gradual as they can.
Carlos Asilis
We could talk about sunspots, we could talk about fiscal year-end effects, but whatever the explanation may be, history is on the side of the fourth quarter being a good one.
Carlos Asilis
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