Eugene David
...The One-Minute Pundit

Tuesday, July 07, 2009


TRANSLATION: This depr -- GLOBAL ECONOMY isn't a blip on the screen, whatever the blithe talk about debt.

“The credibility of the Anglo-Saxon model is under threat,” Mohamed El-Erian, chief executive officer of Pacific Investment Management Co., said in a Web commentary last month. “Yet there are no ready substitutes that are able and willing to step in.”

We have two: CHINA and INDIA.

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