US recession to have less marked effect on Polish real-estate than onother developed markets
09:47 GMT, Jan 22, 2008
WARSAW. JANUARY 22. INTERFAX CENTRAL EUROPE - A recession in the United States will not affect the Polish real-estate market as negatively as it could hit other developed markets, such as those in the UK or Spain, Dorota Latkowska, head of Capital Markets and parner for international real estate agency Knight Frank, told Interfax Tuesday.
Got it, its quite a read to digest fully, but a cursory glance would say the policies suggested would not stave off a recession. I would hesitate to say financial meltdown as the US has money which has to go somewhere, however, I do think a new president will have to do something to alleviate the national deficit which will affect everyone. As always, those that have the most will be least affected.
USA recession can be commented from different angles...
According to simplistic definition it can be said that country is bankrupt when it exports are less than its imports.
On the bright side recession is just a normal part of the economic cycle. So, Americans just need to be patient and to sacrifice a little of their high consumption. If they can`t be patient, few wars all over the globe would fix the problem (that`s the USA way and it is called `American mission`).
roles are reversed somehow
Seams that we now live in world where USA endangers international security and Russia defending internationally established order. USA is turned into some powerful Empire in crisis, without control and Russia starting to progress, to be cooperative.
But, there is more... Could Russia offer solution for global crisis?Russia, island of stability, may save the world from global crisis
24.01.2008 Source: Pravda.Ru
Fragments from article:
Russia's Minister for Finance, Aleksey Kudrin, released a sensational statement Wednesday. Speaking at the World Economic Forum in Davos, the Russian minister offered to mitigate the world credit crisis with the help of Russia's reserves. Kudrin stated that Russia was an "island of stability in the sea of the world crisis."
It is not really clear how Russia would be able to help soften the world crisis. In theory, Russia could invest a part of its gold and currency reserves into U.S. treasury bonds. It could support the USA's liquidity and stop the dollar reduction.