Wednesday, March 25, 2009

That unipolar moment didn't last long, did it?

Over at Housing Doom we hear this in the wake of China's remark about having a new reserve currency besides the dollar: After Wednesday’s festivities I’m confident that China has now made the opening gambit in its inevitable confrontation with America. The process will take a bit over 60 years and we might as well be civilized about it — since it’s going to take a while …

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