Davos Annual Meeting 2008 - Update 2008 US Economy
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http://www.weforum.org/ 23.01.2008 Update 2008: If America Sneezes, Does the World Still Catch a Cold? As uncertainty looms over the US economy, there is confidence in some circles that China and India and other emerging markets will drive global growth -- despite the fact that G8 countries still represent over 50% of the global economy. Are we finally witnessing the long predicted decoupling of global growth from the US economy? And is the dollar's current weakness a long-term, versus cyclical, trend? C. Fred Bergsten, Director, Peterson Institute for International Economics, USA Cheng Siwei, Vice-Chairman, Standing Committee, National People's Congress, People's Republic of China Michael S. Klein, Chairman and Co-Chief Executive Officer, Markets and Banking, Citi, USA David H. McCormick, US Undersecretary of the Treasury for International Affairs Moderator Marcus W. Brauchli, Managing Editor, The Wall Street Journal, USA
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The way Earthquake affected people afraid of their cracked walls & roofs to be falling on them are sitting under the open sky, in the chilled cold similarly the US investors afraid of declining economy are not investing any more in the collapsed US financial system afraid of their investments to distort in the worst way, thus making the US economy balloon burst altogether. 3:54 And (the unbelievers) plotted and planned, and Allah too planned, and the best of planners is Allah.
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This is about the same situation Pakistan is passing thru. Countrys economy is being loaned/sold @ the rate of a common mans life leading to anxiety & flux in all departments of life ensuing in no-investment crisis & every new govt blaming the past for all the hazards & again taking its hands out to beg for more loans. The country is being sold out eventually by parts, with disorder, joblessness, fake inflation, injustice & hypocrisy as the main issues resulting in anarchy & suicide bombing,
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the second guy speakin sounds like bush
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siwie: "oversupply of dollar makes it weaker" = inflationary to point of impending systemic collapse. the fed reserve corp is creating relentless paper notes to bail out credit/debt crisis. most nonpartisan economists agree. only time will really tell.
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