Feb 02 2008
The World Economy - An Alphabetic, Easy-to-understand, Light-hearted Look At What Is Happening
Asia–still expected to be the location of roughly two-thirds of all additional global economic growth over the next 20 years
Budget Deficits–a serious issue in the U.S. and around the world. The French, the Germans, the Italians, the Japanese, and many others have similar challenges
China–powerful economic growth continues, with leaders still trying to slow the economy down. China could challenge Japan’s position as “number one” in the Pacific Rim within a decade
Dollar (the)–the national media would have you believe the dollar is getting trashed versus other major currencies. The truth? The dollar is down roughly 2% over the past year on a trade-weighted currency basis and exactly where it was 10 years ago