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Implicit in the thesis for this argument is that the US economy will recover before the other major world economies, due to some law of global economics.
Aug 11 02:09 am
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All Comments by User 241672 »The Downside Risk to International Exposure [View article]
Perhaps the US deficits (household, national, trade) will cause a prolonged period of slow growth in the US, and the world will not bother to wait for a US recovery.