Monday's announcement by the Council for Economic Planning and Development that its five-color monthly economic monitor had risen to an apparently overheated "yellow-red" in November from the seemingly healthy "green light" in October has sparked exaggerated claims of a "sustainable recovery" for Taiwan's battered economy in some local media.
After eight straight months of depressed "blue" lights since September 2008 and four consecutive months of sluggish "yellow-blue" signals, the CEPD indicator jumped to show a "green" light in October and a torrid "yellow-red" for November.