Relevant:
- China's five year plan and the end of an era - Alasdair MacLeod
- De-Dollarization Du Jour: Russia Backs BRICS Alternative To SWIFT
- IMF sours on BRICs and doubts eurozone recovery claims
- A different kind of "Independence": The BRICs Are Morphing Into An Anti-Dollar Alliance
- US money slump flashes warnings as economy contracts (or: Ambrose Evans-Pritchard Eats Crow on "US Recovery Miracle" Call)
2013-05-24 — telegraph.co.uk
``Stripped bare, the BRICS miracle is really about China, and even the Politburo has run into diminishing returns after ramping up credit from $9 trillion to $23 trillion in four years. At best China will have settle for more pedestrian growth, but it too is at the mercy of the Fed.''
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