In this episode of the Optimistic Bear round-table economics discussion Matt Stiles joins us as a guest, filling in for our regular participants who are unavailable this week. We talk about the paradox of a declining stock market at the same time that the economic news was so positive this week and the financial stresses that local governments are experiencing with pension obligations. If the global economy is indeed about to head to new lows emerging markets that have been seeing some of the largest gains recently could catch the brunt of the decline. McDonald's recent decision to leave Iceland may be an indicator of things to come as globalization takes a breather.
Check out Matt Stiles' blog at http://futronomics.blogspot.com/.
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