Economic growth continues on a healthy and sustainable pace with recent indicators suggesting that the holiday season will be solid. Improving trends in merchandise sales, business orders, the services sector and employment in the U.S. remain in place, and this bodes well for holiday sales.

With consumers spending more time online, e-commerce will likely drive more holiday activity this season than in the past.

China's economy is expected to continue its extended cycle of strong growth, thanks to the pivotal role it plays in the global supply chain. China's solid manufacturing base is essential to neighboring Asian economies, which export key electronic components. Its emerging middle class and growing consumerism will continue to attract capital goods and luxury items from the rest of the world.

Some kind of adjustment has to happen. Home prices have been growing so fast for so long, outstripping income growth for many years.

Though 32-inch will take much of the market share this year, growth of larger-sized screens such as 37 or 40 inches will gradually surpass 32 inches to become the mainstream in the future.

But this month we doubled enrollment, as the long holiday in May is coming.