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The world is big, and the Eurozone is not a negligible fraction of the world. So the world is not big enough to dilute capital flows on the order of the Eurozone trade imbalances.

I'm not sure about that. It seems to be able to swallow US CA deficits without much trouble, and the US economy is of the same magnitude as that of the EZ.

Peak oil is not an energy crisis. It is a liquid fuel crisis.

by Starvid on Wed Dec 14th, 2011 at 10:28:03 AM EST
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