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Canberra is fighting the last war – macrobusiness.com.au
As we know, the Western world has passed an historic moment when credit driven growth is no longer viable. We are in the early years of a decades long deleveraging. And, as we know from the sectoral...
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US public debt growing at unsustainable rate
We often blame Fed monetary policy for the GFC, with interest rates at exceptionally low levels leading to “Greenspan’s bubble.” Treasury was just as culpable, however, with the massive 2004-2005 surge...
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Michael Pettis: China not headed for disaster but slower growth
Extract from an interview with Michael Pettis [professor of finance at Peking University in Beijing] on the Daily Ticker talking about China’s economy, which he claims is not headed for disaster, but...
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