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Sense on Cents Recommended Weekend Reading

Posted by Larry Doyle on June 20, 2009 12:30 PM |

Let’s “span the globe” and get an international perspective on financial developments that impact all of us whether we know it or not.

Moving across the ‘pond,’ we can get a taste as to how the finest ‘Scotch’ turned bitter, in reviewing:

Decline of West Where Mathewson Rues What RBS (Royal Bank of Scotland) Wrought
by Simon Clark, Rodney Jefferson, and John Helyar

Taking a truly global perspective and realizing the magnitude of the worldwide recession, we are reminded of how blessed we are:

World Hunger Reaches 1 Billion People, U.N. Says
Assocated Press
Wall Street Journal; June 19, 2009

Lest we forget the historic nature of President Obama’s speech in Cairo, how do Europeans view the impact of that speech? Let’s review:

Obama’s New World Order
by Nick Whitney
Project Syndicate

Moving eastward, let’s take the pulse of the long term predicament facing The People’s Republic of China and review:

China’s Savings Problem and the Consumption Constraint
by Michael Pettis
China Financial Markets (linked at Wall Street Pit)

I hope this quick trip around the globe helps us all appreciate the varied nature of world cultures and the issues facing all of us.  As such, I pray that collectively the stronger and better part of our human spirit will prevail as we work our way through and over the global economic landscape.



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