Saturday, August 30, 2008

The Wider Picture

Prospect of exchange-rate crisis looms

"Wherever the credit and commodity boom has pushed up property markets to unsustainable highs, there is a serious risk to growth, particularly where banking system portfolios are less seasoned," Russia can play the economic game just as well as anyone else and it would be wiser to be more friendly and respectful to a country that is as much part of the West and its history as we are in reality.

Posted by plato @ 09:27 AM (717 views)
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