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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?


To: TobagoJack who wrote (63790)5/23/2010 5:37:55 AM
From: elmatador  Respond to of 217573
 
Greece-triggered debt crisis had a very good effect in showing reality.

Europe was cut down to it real size.

Greece-triggered debt crisis should have only a small effect on the broader global recovery, a U.S. official told reporters in Beijing today.

Why the truth comes out?

The U.S. assessment that Europe’s debt crisis won’t drag down the global economy could be aimed at easing Chinese fears about letting the yuan rise while the European economy lags behind the U.S. and parts of Asia. Analysts say Chinese officials may be loath to relax the yuan peg while the dollar is rising against the euro and other major currencies