From QFINANCE
By Ian Fraser
''As global economic power ebbs from the West to the more solvent emerging economies of the East, conventional economic wisdom is being turned on its head.
In a research note published last month (“The End of the Post-war Era -- Sauve qui Peut”), Andrew Smithers, founder and chairman of investment consultancy Smithers & Co, argues the post-war economic era is now well and truly over. He also argues that, if the UK and US economies are to be returned to sustainable health, they must drop outmoded economic dogma and adopt economic policies different to those being imposed by the likes of US treasury secretary Tim Geithner and UK chancellor George Osborne (and their respect central bankers Ben Bernanke and Sir Mervyn King).''
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