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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum
GLD 374.33+0.7%4:00 PM EST
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To: TobagoJack who wrote (46423)2/16/2009 2:18:00 AM
From: elmatador  Read Replies (2) of 217849
 
China's image improves as world economy slumps. Image changing from that of currency manipulator to a source of badly needed consumer demand.

...
The quick shift in the G-7's stance toward China underscores how sharply policy positions are changing as the world economy continues to struggle.

It also is further proof of the diminishing stature of this once august group as it has become clear that large growing economies like China, India, Brazil and South Korea, which are part of the Group of 20 but not the G-7, will play defining roles in generating the purchasing power the global economy so desperately needs.
iht.com
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