#Economy: A pattern emerges

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	#Economy: A pattern emerges

JICWyllie

9-22-2009 12:33 PM

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tags:

1-employment, 1-recession, 1-trade, 2-balance, 2-increase, 2-risks, 3-forecast, 4-intl

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<div style="margin: 12px 0px; font-family: arial; color: #333333; background: #ffffff; border: solid 4px #e5e5e5; width: 100%; clear: left;"><div class="CM_CTB_Content_Wrap" style="margin: 0px; padding: 0px;background-color: #ffffff;"><div style="border-bottom: solid 1px #dcdcdc; white-space: nowrap; margin-bottom: 8px; background-color: #eeeeee ;background-image: url(http://clipmarks.com/images/source-bg.gif); background-repeat: repeat-x; height: 24px; line-height: 24px; vertical-align: middle; padding-bottom: 4px; color: #666666; font-size: 10px;" ><a href="http://clipmarks.com/clip-to-blog/" title="see clips that are hot right now"><img src="http://content.clipmarks.com/blog_embed/1fd3d36e-eddc-4e79-81e1-f6bcdff77ff6/CEF25FB5-5F8A-4953-A8B9-4A2CBF3C3287/" alt="" width="19" height="19" border="0" style="vertical-align: middle; margin: 0px 4px; display: inline; border: none; float:none;" /></a>clipped from <a title="http://www.ft.com/cms/s/0/5436bb10-a619-11de-8c92-00144feabdc0.html" href="http://www.ft.com/cms/s/0/5436bb10-a619-11de-8c92-00144feabdc0.html" style="font-size: 11px;">www.ft.com</a></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.ft.com/cms/s/0/5436bb10-a619-11de-8c92-00144feabdc0.html"><P>Taken together, these factors leave economists in little doubt that much of the output and employment lost is not just sitting temporarily idle, waiting to come back on stream when demand and confidence recovers. It will be lost for good. The skills of the unemployed will deteriorate, some otherwise viable companies have collapsed, and capital – plant, machinery and buildings – will be scrapped.</P></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.ft.com/cms/s/0/5436bb10-a619-11de-8c92-00144feabdc0.html"><P>William White, former chief economist of the Bank for International Settlements, argued last week that mismatches between patterns of global supply and demand will add to the painful adjustment. “Many countries that relied heavily on exports as a growth strategy are now geared up to provide goods and services to heavily indebted countries that no longer have the will or the means to buy them.” The world has capacity to make and distribute goods no one can afford, and that no one even wants.</P></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.ft.com/cms/s/0/5436bb10-a619-11de-8c92-00144feabdc0.html">Goldman Sachs believes that China “will flirt with a trade deficit in 2010”.</blockquote></div><div style="margin: 0px 6px 6px 4px;"><table style="font-size: 11px;border-spacing: 0px;padding: 0px;" cellpadding="0" cellspacing="0" width="100%"><tr><td style="background:transparent;border-width:0px;padding:0px;">&nbsp;</td><td align="right" style="background:transparent;border-width:0px;padding:0px;width:107px" width="107"><a href="http://clipmarks.com/share/CEF25FB5-5F8A-4953-A8B9-4A2CBF3C3287/blog/" title="blog or email this clip"><img src="http://content8.clipmarks.com/images/c2b-foot.png" border="0" alt="blog it" width="107" height="17" style="border-width:0px;padding:0px;margin:0px;" /></a></td></tr></table></div></div>