vit_r (vit_r) wrote,
vit_r
vit_r

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Much of the past decades growth in the United States was fueled by credit, leverage, and borrowed money. The Asians growth has been powered by manufacturing, production and exports.

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The empire is already dead - we simply are in denial.

BigPicture: Asian Officials Push Back Against Savings Glut Theory
Tags: crisis, economics, en
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