> Financial Times - March 8, 2009
> <http://www.ft.com/cms/s/0/c6c5bd36-0c0c-11de-b87d-0000779fd2ac.html>
>
> Seeds of its own destruction
> By Martin Wolf
The financial system is the brain of the market economy.
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What a load of crap....
> The impact of the crisis will be particularly hard on emerging countries:
[snip]
> The ability of the west in general and the US in particular to influence the
> course of events will also be damaged. The collapse of the western financial
> system, while China’s flourishes, marks a humiliating end to the “uni-polar
> moment”. As western policymakers struggle, their credibility lies broken.
> Who still trusts the teachers?
> “I’ve a feeling we’re not in Kansas any more,” said Dorothy after a tornado
> dropped her, her house and dog in the land of Oz. The world of the past
> three decades has gone. Where we end up, after this financial tornado, is
> for us to seek to determine.
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If the world of the last 3 decades is gone why is he using zombie concepts like "emerging markets"????
Put the Tanqueray back in cabinet MW.
Ian