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Strategies & Market Trends : The Residential Real Estate Crash Index
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To: neolib who wrote (178098)1/19/2009 8:00:30 PM
From: tejekRead Replies (1) of 306849
 
Ah, I misunderstood your point. I agree that talk of emerging markets (like BRIC) decoupling from the USA was nonsense. Look at how much hurt the USA gets in when we have 2% decline in GDP, what would one expect export based economies to do when they have a 20% contraction in exports? Humpty Dumpty time for them.

I agree the decoupling argument was nonsense. However, I am surprised they are not hurting nearly as badly as I would expected by this point. For an example, last month was the first month Brazil experienced a major job loss since 1999. And China's GDP is still expected to grow this year albeit more slowly.
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