Change to come in spite of US

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The “green shoots” of economic growth are appearing nurtured by unprecedented stimulus and bailouts of the financial system. With them the market is rallying. The question is will these sprouts mature or wilter? Will the market then fall back?

Perhaps the die is cast by this sale?

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Yesterday Citigroup sold its 17% stake in the Brazilian credit card networking services provider Redecard SA raising $983 million.  Redecard is controlled by Brazilian bank Itau-Unibanco (UBB).
The significance of this sale is that it lays the foundation for credit expansion without the US in South America and perhaps China. The implications are that accelerated credit extension to [...]

G-7 Acquiescence and Co-operation necessary for all to prosper.

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The G-7 Industrialized nations are meeting this weekend to once again discuss what best to do next. The ad hoc policies of former Treasury Secretary Paulson and Fed Chairman Bernanke are regarded as having saved the financial system from collapsing, but few US counterparties give them a passing grade for strategy and in any case [...]

This is an Economic War and the US is losing it.

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There is an economic WAR going on and the way SB sees it the US is losing it primarily because of the shortsightedness of Congress to do the right thing. Almost like a scratched record stuck in a rut left unattended at a radio station, the US Congress is playing the same verse over and over [...]

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