Rolf Englund IntCom internetional
US Treasury Secretary Hank Paulson can be forgiven for pushing through a rescue plan last week that amounts to a flagrant abuse of contract law and capitalist principles.
The seven pillars of global demand over the last year - measured by current account deficits - have been
Thomas Mayer, Europe economist for Deutsche Bank, said the European Central Bank must cut rates immediately, regardless of the lingering inflation threat. "This could go beyond just a normal recession. It could turn into a real economy-wide crunch that we cannot stop," he said.