Re: [Pen-l] Remember, the recession isn't all bad

To: Progressive Economics <pen-l@xxxxxxxxxxxxxxxxxx>
Subject: Re: [Pen-l] Remember, the recession isn't all bad
From: joglekarulhas@xxxxxxxx
Date: Mon, 15 Dec 2008 05:01:20 +0500

Global economy rebalancing the hard way
http://uk.reuters.com/article/gc06/idUKTRE4BB01K20081212?sp=true

Fri Dec 12, 2008

By Emily Kaiser - Analysis

WASHINGTON (Reuters) - The credit crisis is accomplishing something that
years of scolding failed to do: curbing U.S. consumption and paring the
piles of excess cash amassed in China and oil exporting countries.
While economists have long argued that such a rebalancing was badly needed
to safeguard global growth, it is happening so fast that it threatens to
deepen the downturn.
http://uk.reuters.com/article/gc06/idUKTRE4BB01K20081212?sp=true


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References:
- [Pen-l] Remember, the recession isn't all bad
  - From: Charlie
- Re: [Pen-l] Remember, the recession isn't all bad
  - From: raghu
- Re: [Pen-l] Remember, the recession isn't all bad
  - From: Carrol Cox

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- Re: [Pen-l] Remember, the recession isn't all bad, (continued)
- [Pen-l] attack of the invisible hand, Jim Devine Sun 14 Dec 2008, 17:32 GMT
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- Re: [Pen-l] auto bailout question - Filibuster and Procedural filibuster, Waistline2 Sat 13 Dec 2008, 20:49 GMT

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