Charles Payne

This is a huge week for sports; with the Super Bowl looming on Sunday there have been amazing highlights from the NBA.  As he entered the league, I already told everyone Blake Griffin is my new favorite player (Tim Duncan was my favorite before and will always show love) because he is so ferocious on the court.  Yet, I also read a peace on his relationship and respect for his brother who hasn't made the NBA yet and plays ball abroad.

This kid has the heart in more ways than one.  This week he had a dunk that many are already calling the best ever (I'm not going that far), but it came just a day after Lebron yoked the ball while jumping over another player.

While records tend to stand for years, even decades in sports, the highlight reel makes the "best" plays an ever-evolving discussion.  In the world outside of sports, the same thing happens.  In the world of economics, the biggest tend to stay big for long stretches, but the highlight reel shifts around day to day.  Yesterday it was strong economic data out of China and Germany that had our stock market standing in applause.  In fact, what we're seeing from China and Germany is like watching Blake and LeBron throw it down on a nightly basis.  Both countries posted strong manufacturing data that came in above consensus. 

Of course, those aren't the only two nations making the economic highlight reel these days.  Yesterday we learned Russia's GDP grew 4.3% last year, greater than expected, while imports increased a staggering 21.5%.  The nation has made an amazing rebound during this global economic slump as agriculture output surged 16.1%, construction 4.8%, and retail sales 7.2%.  While those old European nations not named Germany continue to shoot economic bricks, those BRIC nations are jumping like crazy.  Running and gunning for what the west has had forever, but taken for granted, there are a lot of hungry nations whose futures look like slam dunks.

Countries with largest GDP and hot highlight Reels

Nobody likes to be posterized with some massive dunk, but it's the lasting legacy of many players from Corzine, victimized by Darryl Dawkins, to Perkins who seems to be on a few posters as the guy watching in vain.  We don't have to be that sad sack player.  Admittedly, I had to find a way to work in those incredible dunks but think the analogy works. 

In the meantime, the best dunk in history came courtesy of Dr. J on Michael Cooper of the Lakers in 1983

Charles Payne

Charles V. Payne is a regular contributor to the Fox Business and Fox News Networks. He is also the Chief Executive Officer and Principle Analyst of Wall Street Strategies, Inc. (WSSI), founded in 1991 which provides subscription analytical services to both individual and institutional investors.

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