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What is new and sounds scary to me is the massive withdrawal of foreign capital from emerging countries (and probably developing countries as well). It could trigger a complete collapse of the world economy, with social and political consequences we cannot easily foresee...

"Dieu se rit des hommes qui se plaignent des conséquences alors qu'ils en chérissent les causes" Jacques-Bénigne Bossuet
by Melanchthon on Tue Dec 23rd, 2008 at 01:33:02 PM EST

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