Philly Jim

World Economies Try to Move Forward with New Engines of Growth

Nice synopsis of global affairs/advice. Try they may but....consumption will be key to balance the losses many are seeing in their exports. If an equilibrium cannot be met, the trade is off. Politically, Russia is even thinking twice about its perceived alliances/bet on those surreptitiously desiring to throw the West off its mighty seat. Those calls for Uncle Sam's demise seem to be falling on deaf ears amongst the wise; we may have been delusional from our financial opiates addiction and they their export boom, but many are only now starting to gain clarity on this global "recalibration". Trade, but be ready to move into cash on the whim. The mood may be positive amongst South American nationalists and the social elites in the East, where there is a relative degree of homogeneous harmony and steady growth from near-none, but not in places like Germany, nationalism means an end to cultural/population dilution and docile diplomatic relations. Keep an eye on the Naxalite movement in India as the wealth there becomes more consolidated during this crisis and caste resentment rises with access to technology/information. There is still much to consider after reading this article, as resources like copper and gold are limited, and not everyone can sit at the top on this tiny planet. Does anyone here think Russia sleeps comfortably knowing that their glorious neighbor is becoming more powerful than they? I've been reading about oversupply in resources like coal and copper in China, but maybe they are just buying for a rainy day??