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| Economy |
| Overheating East to falter before the bankrupt West recovers |
| 2011-01-03 |
| From the overheating East to a troubled West, Ambrose Evans-Pritchard offers his predictions on the global economy next year. Maybe time to revisit Niall Ferguson's classic "Empires on the Edge of Chaos" (skip intro) |
| Posted by:tipper |
| #2 Good, but methinks I'll just go wid OLD DREAM/VISION > "DUBYA" [Global Warming] + "PEAK OIL/RESOURCES" = FUTURE FUEL-STARVED USA TRYS TO SELL OLD USAF PLANE PARTS TO FUEL-STARVED CHINA, to maintain a POTEMKINIST, SURREAl = PDENIABLE semblance of MODERNITY = NON-COLLAPSE OF HUMAN CIVILIZATION. ["BOOK OF ELI" Movie here]. But I digress ... |
| Posted by: JosephMendiola 2011-01-03 23:21 |
| #1 Mr. Wife says* there is still enough slack in the Chinese economy to absorb the cost of high-priced American coal as well as the 20% increase in the minimum wage. He says that the economy is growing at 25% in Beijing and the coastal cities -- it's the interior that's brought the published number down. That's why they've been building railroads -- to enable industry to move inland and gets the spare farmers' sons and daughters into paid labour. *He just said it a moment ago when I read him the key bits of the article. |
| Posted by: trailing wife 2011-01-03 23:07 |