Comments on: The Perils of Exports http://baselinescenario.com/2008/12/22/the-perils-of-exports/ What happened to the global economy and what we can do about it Sat, 26 May 2012 23:20:02 +0000 hourly 1 http://wordpress.com/ By: Chris http://baselinescenario.com/2008/12/22/the-perils-of-exports/#comment-2281 Fri, 26 Dec 2008 23:10:49 +0000 http://baselinescenario.com/?p=1703#comment-2281 “America and western Europe together buy less than 30% of emerging Asia’s total exports. Over half of China’s exports go to other emerging economies”

America and Europe don’t have quite the effect that some believe

]]> By: Japan, Thailand join the “falling from a cliff” export club « Mostly Economics http://baselinescenario.com/2008/12/22/the-perils-of-exports/#comment-2191 Tue, 23 Dec 2008 06:39:06 +0000 http://baselinescenario.com/?p=1703#comment-2191 [...] facing severe stress as well. China cut rates y’day and is staring at the barrel. James Kwak says all we can do is wait for Obama [...]

]]> By: Tom K http://baselinescenario.com/2008/12/22/the-perils-of-exports/#comment-2189 Tue, 23 Dec 2008 05:26:54 +0000 http://baselinescenario.com/?p=1703#comment-2189 I recently read a report by some analyst (unfortunately, I did not bookmark it) who thought that emerging markets will be the last in and first out of the recession (LIFO).

The reasoning was that consumers in emerging markets have much less debt than consumers in developed countries, and therefore their recovery will come sooner.

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