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August 13th, 2009 3:47 pm
Quote of the Day

There is acknowledgement that the US China trade relationship needs to be rebalanced, but little imagination on how to proceed.  Deep down, our leaders and policymakers have convinced themselves that for all its flaws, the old system was better than anything we are going to think of, and that simply restoring confidence will fix everything, at least for as long as they remain in office.” Kenneth Rogoff, Professor of Economics at Harvard University.

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