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What's called a 'global' recession is in fact shrinking economies mainly in the West, not the East.

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  • Posted By: jiangshengjs @ 03/22/2009 11:31:52 AM

    It seems that CHN will win more tickets in the world.I believe CHN will recover very quickly at this crisis.

  • Posted By: Mr Pepper @ 03/21/2009 8:52:14 PM

    Interesting analysis, but not the whole story. The USA is not down and out, it is simply retrenching and, though arrogance and BUSH-cheney swagger has prevented this in the past somewhat, learning from their mistakes.
    In the new globalized world that is being forged, there is a place for everyone to stake their claim to prosperity. It's about time the world's wealth was shared out more equitably, and it remains a scandal the people still go hungry and suffer such want this day and age.
    Three cheers for the new emerging world of shared responsibilities.

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