A phrase that the Oxford English Dictionary reports was first used in 1736. It means "to make an inventory of the merchandise, furniture, etc., in one's own possession, recording its quantity and present value, or to make a careful estimate of one's position with regard to resources, prospects, or the like."

Wednesday, March 7, 2007

Interesting Quote

Stephen Roach, chief economist at Morgan Stanley, said in a Los Angeles Times column,

“Like nearly everything else in the world these days, it now appears that global stock market corrections are made in China.”

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