Good stuff from Kedrosky today on the world cup as allegory for global economics:
Many people have noticed a remarkable result at this year’s World Cup. Consider: Last edition’s champion, Italy, is out, while a host of South American countries are doing wonderfully. Similarly, England has looked wobbly, and even the Germans haven’t been as sharp as expected. It feels like a changing of the guard, with soccer leadership moving out of the top European countries — developed economies — and moving to … emerging markets. Sound familiar?
Read the rest.
My new bets: Korea and Japan. Go Asia!
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