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This question is a bit of an aside in these highly entertaining circumstances, but what are the odds that all this fun continues to snowball and ... um ... might we say 'spoil the party' that will be the massive wankfest in Beijing? (Sorry, I've never been a fan of the Olympics ... IMO, they should give them back to Athens in perpetuity and be done with the perpetual cycle of bribery and corruption that attends the whole thing).
by wing26 on Wed Jan 23rd, 2008 at 09:40:26 AM EST
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The answer to that lies in the EU, China's biggest export market. China can avoid a US recession turning into a Chinese recession if they can still keep strong export demand in Europe ... certainly for half a year.

If the EU slides into recession, then its a much harder ask.


I've been accused of being a Marxist, yet while Harpo's my favourite, it's Groucho I'm always quoting. Odd, that.

by BruceMcF (agila61 at netscape dot net) on Wed Jan 23rd, 2008 at 10:43:28 AM EST
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