Truth about Western Economy: rise of the East


	Truth about Western Economy: rise of the East

abailart

1-11-2008 11:53 AM

214 views

abailart says:

Like a stuck record, there are smug voices going on about how the price of oil has always gone up and down, there have always been bulls and bears.... (Cp global temperatures have always risen and fallen and... and... ). This essay points to real oil and real resources and real consumption.

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1-14-2008 2:47 PM

kmcolo

Maybe

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                                            The truth about the ‘credit crunch’                                            </H1><BR /><SPAN class="articleAbstract"><B>ESSAY:</B> What the Subprime Crisis reveals about the economy, politics and the state in 2008 – and why the real story is the rise of the East as the West flounders.</SPAN></TD></tr></table></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.spiked-online.com/index.php?/site/earticle/4244/"><P>
The story for the next year in Western financial markets will be of the further repercussions of the credit squeeze. Meanwhile, the story for the next generation is of the rise of China and the rest of the East, and of the way that Western troubles become Eastern opportunities. 
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