August 29, 2011

The World's Global Bargains Are Collapsing

Thomas Friedman, New York Times

AP Photo

Hold onto your hats and your wallets. Since the end of the cold war, the global system has been held together to a large degree by four critical ruling bargains. Today all four are coming unstuck at once and will need to be rebuilt. Whether and how that rebuilding happens — beginning in the U.S. - will determine a lot about what's in your wallet and whether your hat flies off.

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TAGGED: Eurozone, Egypt, Tunisia, Libya, China, United States, America

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