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Global Economies – Now What? (#30)

Latest economic numbers coming out of China, Europe, and even the U.S. confirm the relentless deceleration of global economic activity, in spite of all governmental and Central Bank efforts worldwide to boost growth. Some of the major developed economies, such as the U.S., Germany, the U.K., Canada, Australia, and China, were the forlorn hope of the World for stable economic growth (misguided, in our view) but hope nevertheless, as most of the rest were on life support, and the BRIC economies had tanked by last year. Well, the hope faded fast as most of these economies contracted significantly in the first quarter and the inexorable decline continued unabated. Over the past years as Central

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