---
title: "Turkey & Trains"
url: https://independentstockanalysis.com/turkey-trains/
description: "After the poor overnight economic data, markets are quite tame as Canadians enjoy their Thanksgiving Day. The big news of the slow day: “The World Bank…"
published: 2012-10-08
updated: 2012-10-08
---

# Turkey & Trains

Published 2012-10-08

Posted on

by

J.J. Butler

After the poor overnight economic data, markets are quite tame as Canadians enjoy their Thanksgiving Day.

The big news of the slow day: “The World Bank cut its economic growth forecasts for the East Asia and Pacific region on Monday and said there was a risk the slowdown in China could worsen and last longer than many analysts have forecast.” [Reuters](http://www.reuters.com/article/2012/10/08/worldbank-asia-outlook-idUSL3E8L82LA20121008?type=marketsNews)

China unlikely to ease monetary controls at [China Times](http://www.wantchinatimes.com/news-subclass-cnt.aspx?cid=1203&MainCatID=12&id=20121005000022). But fiscal policy is more important in driving growth. The scale of the infrastructure projects still amaze me ([China Times](http://www.wantchinatimes.com/news-subclass-cnt.aspx?cid=1202&MainCatID=12&id=20121008000103)):

“China on Monday showcased the world’s first alpine high-speed rail line, which threads through the country’s three northeastern provinces.

A test train departed from Harbin West Station, located in the capital of Heilongjiang province, on Monday morning for Dalian, a port city in Liaoning Province.

With a trial speed averaging 300 km per hour, the train completed the 921-kilometer journey in about four hours…

The rail line, featuring 24 stations, is expected to go into normal operation by the end of the year.”

Leader FCX chart at [Kimble Charting](http://blog.kimblechartingsolutions.com/wp-content/uploads/2012/10/fcxtopofrangeoct3.gif).

“What we have is a typical post-credit crisis recovery. Sub-par GDP, mediocre jobs recovery.” [Ritholtz](http://www.ritholtz.com/blog/2012/10/recovery/?utm_source=dlvr.it&utm_medium=twitter) What if the global financial crisis is permanent? [Naked Capitalism](http://www.nakedcapitalism.com/2012/10/what-if-the-global-financial-crisis-is-permanent.html)

Most interesting read from the weekend: [The Atlantic](http://www.theatlantic.com/business/archive/2012/10/who-destroyed-the-economy-the-case-against-the-baby-boomers/263291/).