The BRICS Challenge? | Forex Factory

  • The BRICS Challenge?

    From marctomarket.com

    It seems that in every generation there are declinists--those who believe that the US is in decline. The current wave tends to focus on two concepts. The first is secular stagnation, resurrected by Lawrence Summers earlier this year. The concept was forged during the Great Depression and was subsequently refuted by experience as the US entered a long expansion wave. Summers argues that in recent decades the only way that stagnation was avoided was by the creation of bubbles. At the risk of over-simplifying, our take was two-fold. First, like Paul Kennedy's Rise and Fall of Great Powers, what was ostensibly applicable ... (full story)

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highway
Jul 23, 2014 3:15pm
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no no - India's biggest borrowers is USA , and china is USA's biggest borrower. so the the world bank owns India. and USA lends to India and India lends to china and Japan and Japan is the world bank .

Move on - nothing to lend to you here
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Trader#4EB9
Jul 23, 2014 2:55pm
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so the world bank's biggest borrowers are india and china, and the united states is china's biggest borrower. so the the world bank owns USA. and where is the world bank? somewhere in NY? just asking so we can get to the bottom of this lot. please refer all questions to Ken Rogoff.
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