{"id":4417,"date":"2012-09-04T12:48:17","date_gmt":"2012-09-04T20:48:17","guid":{"rendered":"http:\/\/www.regnordman.com\/?p=4417"},"modified":"2012-09-04T12:48:17","modified_gmt":"2012-09-04T20:48:17","slug":"the-unfair-trade-how-our-broken-financial-system-destroys-the-middle-class-michael-j-casey","status":"publish","type":"post","link":"https:\/\/www.regnordman.com\/2012\/09\/04\/the-unfair-trade-how-our-broken-financial-system-destroys-the-middle-class-michael-j-casey\/","title":{"rendered":"The Unfair Trade. How our broken financial system destroys the middle class. Michael J . Casey"},"content":{"rendered":"
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The Unfair Trade. How our broken financial system destroys the middle class. Michael J . Casey. 2012. ISBN 9780307885302.\u00a0 As managing editor of the Wall St Journal, Casey\u00a0 has a cat bird seat on the world economy. This is an eminently readable book, which presents a reasonably balanced view of what happened, who pulls the strings and what mistakes were made y govt and business world wide.\u00a0 But, and this is why I like it when journalists write these books, Casey points out what we can do looking forward.\u00a0 As investors this is a good book to use to measure govt responses and help plan your own moves.<\/p>\n

One\u00a0 good point made is that China’s internal credit and currency policies have exported deflation to the rest of the world, by killing off sections of our economies.\u00a0 If they stumble ( and many expect they will) .Australia, Brazil, South Africa, Indonesia and Canada will have massive resource sales slowdowns followed by big economic hits, which could trigger social disruption.<\/p>\n

Another is that the massive debt burdens in Us and Europe will restrain growth in those economies for decades, forcing investment into the stoked up younger economies in the pursuit of profits.<\/p>\n

His suggestions?<\/p>\n