The devaluation and the rapid increase in money supply it permitted ended the U. I think we're going to see further strength in commodities. We are literally living on borrowed time. Job losses are a major reason once-safe borrowers are falling into trouble. When this woman no longer can buy a new car, the people who build the car have no work - and they get laid off. The certainties in this scenario is that the economic shape will eventually shift to reflect the underlying shift in wealth, which is the shift from the traditionally wealthy countries to the 'emerging' markets, and that the economies of countries like the UK and US will be left in tatters. Government attempts to deal with the problems of the financial system, especially in the U.
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