For the first time since World War II the United States is not the world's #1 economy. We have slipped behind the European Union. (This, according to Erin Burnett on CNBC, Friday, March 14th.)


Noca, posted 2008 by peter in business finance

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China holds over one trillion dollars, and Japan almost one trillion, in dollar-denominated assets.

Other countries have lesser but still substantial amounts. As the US dollar is the reserve currency, the entire world’s investment portfolio is over-wei

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