| From Wallstreetpit.com: As with anything in economic forecasting, what I am about to say is at best an educated guess. Given the present environment, where is the global economy likely to go? Any analysis like this has to contend with political factors that drive the major imbalances of the global economy.
China insists on keeping its currency cheap in order to promote employment at home. The US does not care about deficits or currency debasement, as it seeks Keynesian remedies to its economic crises. (Little realizing that they are making things worse…)..........................................Full Article: Source
|