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Tuesday, April 8, 2008

India's inflation is hurting US!

Came across a report in NY Times about how the inflation in India and other Asian economies is hurting America.

Keith Bradsher writes in Asian Inflation Begins to Sting U.S. Shoppers

"The free ride for American consumers is ending. For two generations, Americans have imported goods produced ever more cheaply from a succession of low-wage countries — first Japan and Korea, then China, and now increasingly places like Vietnam and India...."

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