"Optimism raises equities and rising equities create wealth, thereby induces consumer confidence, so rising confidence increases consumer spending, when increased spending spurs more productions and thereby creates more employments, and vice versa."
Tuesday, October 19, 2010
Latest Pirelli Figures Show Tyre Market Was Strong in 3Q 2010
Pirelli’s latest “Tyre Market Watch” figures show that first half 2010 passenger car tyre volumes increased by approximately 20 per cent. Third quarter volumes are said to have remained strongly in the double digit growth range, but moving at roughly half the pace of the first half at +10 per cent. Truck tyre volumes were said to have been much stronger growing at +20 per cent and +25 per cent respectively
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