Poor Nations Continue to Catch Up

By DemocracyRules
h/t Xinhua

Globally, the poorest economies are growing the fastest.  According to the UN, growth in developing countries was 7.3% In 2007, and is expected to be 5% in 2008 and 4.8% in 2009.

Nothing like a dose of capitalism to fix the planet.

The developed economies may grow slower this year, but it depends on the US housing market and other factors.  The worst "problem" for the U.S. housing market is that home ownership is now at an all-time high.  It's hard to sell any more houses.

For Obama, this is crisis.  With all these new black home-owners, it's getting harder and harder to cry poverty.