Global economy rebalancing the hard way http://uk.reuters.com/article/gc06/idUKTRE4BB01K20081212?sp=true
Fri Dec 12, 2008 By Emily Kaiser - Analysis WASHINGTON (Reuters) - The credit crisis is accomplishing something that years of scolding failed to do: curbing U.S. consumption and paring the piles of excess cash amassed in China and oil exporting countries. While economists have long argued that such a rebalancing was badly needed to safeguard global growth, it is happening so fast that it threatens to deepen the downturn. http://uk.reuters.com/article/gc06/idUKTRE4BB01K20081212?sp=true _______________________________________________ pen-l mailing list [email protected] https://lists.csuchico.edu/mailman/listinfo/pen-l
