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Posted by: nostalgia 1 year, 9 months ago

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    nostalgia1 year, 9 months ago

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    Is the party over in China? Massive unemployment looms

    China watchers are predicting a drop in the GNP growth rate this year and for the foreseeable future. Most are attributing the expected fall off this year from last year's official 11.4 percent, the fifth year in a row of double digit expansion to the expected downturn in the U.S. and the world economy in general.

    http://www.worldtribune.com/worldtribune/WTARC/...

    US Subprime Crisis Costs Global 7.7 trillion Dollars

    The meltdown in the US subprime real-estate market has led to a global loss of 7.7 trillion dollars in stock-market value since October, a report by Bank of America showed Thursday.

    http://www.democraticunderground.com/discuss/du...

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