Fear recoupling in 2012, not the end of the world
Dec 29, 2011
The Mayans were wrong. The world won’t end in 2012, but at times it may feel as if it’s about to. Such is Asia’s lot as Europe’s debt debacle and the U.S.’s political paralysis fuse, presenting challenges for leaders from Beijing to Jakarta. In a less chaotic time, this might have been Asia’s big moment. News this week that Japan and China will promote direct trading of yen and yuan without using dollars is a case in point. An eastward shift of power and capital would seem to be a given as Bruss