Thursday, August 11, 2011

Britain's Riots And The New Financial Crisis


London is burning. The violence and looting have spread to other English cities. Thieves outnumber police. The situation appears to be beyond control and its growth contagious.
Throughout the rest of the world, stock markets are tumbling at a rate not seen since the 2008 global financial crisis.
Are these two phenomena related? If so, what might their relationship say about where we are and where we are headed.......
But not for long if US and European currencies decline, purchasing capacity reduces and banking strength is compromised. In such an interdependent world, what happens in Europe and the US will have an impact in Asia, probably sooner rather than later......

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