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LG, the technology company, has predicted that 30 million people will buy 3D TV sets by 2012. Suddenly there is a huge new market, not just for 3D TV and cinema performances, but for the eyewear that makes appreciating it possible.
China has gotten away with pretty favourable trade terms for years, via a relatively more closed domestic market plus an under-valued yuan, but this time the US won't simply roll over. A nasty trade war will erupt, which will be economically disastrous for both sides.
Jeremy Grantham, chief investment strategist at GMO, says that any advance from current levels will make markets seriously overpriced.
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