While the U.S. is totally focused on our upcoming election, the global economy is melting down. Michael Spence writes on FT.com today "The accelerating asset deflation globally is going to cause a deep global recession"
A couple of articles about what China can do to help bail out the global economy:
Brad Setzer writing today for The Council on Foreign Relations: "One easy thing China could do to help stabilize global markets: buy Agencies!"
From the Editorial Board of The New York Times: "As the world tips into recession, China’s economic decisions could affect how other countries fare in the downturn."
Kevin Drum writing over at MotherJones.com: "I see that Drudge is blaring a headline about how Barack Obama believes it's a tragedy that the Supreme Court hasn't confiscated all your money and given it to poor people. Turning on the TV, I see that Fox New is all over it too. So is John McCain. Clearly, the guy's a total socialist.
Except, you know, he's not."
Over at Over a Tuscan Stove...seems like they have gone to Sicily! We traveled to Sicily about five years. The food was so good-one meal was better than the other...I'll go back there anytime.
John Pomfret writing on Post Global asks, "Can China Grow Up?"
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