DJ,
<<Have you noticed the drop in PRC exports? The G7 are changing their dinner menu for this weekend I hope. >>
I not only noticed but it made my neck hairs stand on end. Several weeks ago this thread came to a sort of consensus over what the big issues were that loomed over the economic landscape. These were (not necessarily in any order) Japan's economy, Indonesia's political tensions, and China's will to hold the line on their currency. With the Japanese nearly frozen in the headlights of the oncoming freight train, Indonesia's escalation of violence, and the new developments in India, I shudder to think what will happen if China loses it's resolve. Nolte Bene, these were just the big issues. There is a long list of arguably lesser problems such as growing business set backs, bank debt revelations, transparency issues and the resolve to reform business practices etc etc. I hope the G-7 has a handful of maggoty rice and some dirty water for their banquet to remind them what has been and what could be again. In fact, I think I should say what is in far too much of the world.
Best,
Stitch |
