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This idea of decoupling is a wishful thinking, considering that the clear division of roles emerged in the world economy where one part of the world serves as the area manufacturing cheap goods, and another part as the area for manufacturing overvalued assets to drive the world consumption.

Right about the time people started to have doubts that the latter may not continue to consume what the former produced, they cooked up the comfortable wish that the former may have developed enough consumer market to offset the world consumption decline. They tried pretty hard to convince themselves that it is true. However, the reality has kept disappointing them.

1 posted on 01/25/2008 1:18:04 AM PST by TigerLikesRooster
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To: TigerLikesRooster

-—printed this out, I’ll get back to you after reading it with my morning coffee...


2 posted on 01/25/2008 3:48:35 AM PST by expat_panama
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To: TigerLikesRooster
Shake hands all around.

What will happen in China when the masses realize all of the massive pollution and dislocations were for nothing?

Or, just to enrich a few at the top?

"Workers, of the East, unite!"

Cheers!

3 posted on 01/25/2008 4:18:36 AM PST by grey_whiskers (The opinions are solely those of the author and are subject to change without notice.)
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