Thursday, January 27, 2011

The CASH countries that avoided the financial crisis

Canada, Australia, Singapore, and Hong Kong.

Via Rick Santelli on CNBC this morning, while discussing the Financial Crisis Inquiry Commission's report.

What are the commonalities? All British Commonwealth, perhaps the nations that best embody Scottish Enlightment principles. All have more fiscally disciplined governments in the recent decade or two--any countries restraining government spending as well as these four? All more culturally homogenous than the U.S. And all huge trading partners with China.

Anything else?

Regulatory regimes, resources, and military policies seem to vary greatly across these 4 countries.

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