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A new American century, after all?

Yes, quite possibly, says Ambrose Evans-Pritchard, because the US has lots of shale gas, people, and a very deep competitive bench. Excerpt: The switch in advantage to the US is relative. It does not imply a healthy US recovery. The global depression will grind on as much of the Western world tightens fiscal policy and […]

Yes, quite possibly, says Ambrose Evans-Pritchard, because the US has lots of shale gas, people, and a very deep competitive bench. Excerpt:

The switch in advantage to the US is relative. It does not imply a healthy US recovery. The global depression will grind on as much of the Western world tightens fiscal policy and slowly purges debt, and as China deflates its credit bubble.

Yet America retains a pack of trump cards, and not just in sixteen of the world’s top twenty universities.

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