Yesterday, I noted that every region in the world is being hit by a growth slowdown. The BRIC model of growth is producing diminishing returns, Europe is mired in what I believe to be their version of the US Constitutional Crisis and the US is dealing with the after-effects of a debt-deflation, economy wide credit bust. Today, I want to address what can be done about this — if anything. Let me answer this by addressing the US’ problems, followed by Asia’s and than Europe’s.
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