http://www.bloomberg.com/apps/news?pid=20601087&sid=au8I9W6ObNhQ&pos=5
My comment: Most of what I say in this message does not apply to US economy unless I say it explicitelly. Now, US authorities have to push growth hard. As we have discussed here, global economy is in a crossroad. As a whole we could say that it has entered into fourth phase and current step in to dismantle exceptional rules. Now we are facing the challenge: if we go too fast we are bringing inflation, if we go too slow we are missing growth opportunities. Also, I can perceive that it is time for politicians to explain it in detail in particular in countries where unemployment is still high. If countries “withdraw the stimulus measures now, the global economy will plunge.”, Chinese Commerce Minister Chen Deming told. “For the world as a whole, it’s premature to think about exiting stimulus,” prof. Joseph Stiglitz said at the economic conference in Shanghai today. Obviously, one thing is words and something else is facts. Many countries are dismantling cautiously some exceptional rules already as inflation is becoming higher priority than growth. Of course, we cannot ask authorities to push growth if they do not have unemployment and they have inflation in their economy. Selfishmess and selflessness must go hand by hand. Now, I talk about economies that are behind, such as US economy. In 2009 and partly in 2008, most countries around the globe have been pushing growth, sometimes at any price. The overall flow or trend helped all economies, i.e. growth in China helped growth in Japan, growth in Japan helped growth in India, and growth in India helped growth in China. But now, the river flow is going to reverse soon. Economies that are behind will have to fight against its own problems and against the overall flow of the river. Peace and best wishes. Xi --~--~---------~--~----~------------~-------~--~----~ You received this message because you are subscribed to the Google Groups "World-thread" group. To post to this group, send email to [email protected] To unsubscribe from this group, send email to [email protected] For more options, visit this group at http://groups.google.com/group/world-thread?hl=en -~----------~----~----~----~------~----~------~--~---
