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U.S. Economy Risks Hellish Prospect of Hyperinflation
The global financial and economic crisis arose out of radical deflation in the U.S. housing market, as the real estate asset bubble split asunder. With the collapse in housing prices came the...
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The U.S. is on a Fast Track to Bankruptcy
In less than a year we have seen the bankruptcy of financial and industrial behemoths once thought impregnable: Lehman Brothers, Chrysler and GM. Selectively employing the mantra “too big to fail” with...
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Obama’s Economic Crisis Team is Full of Green Shoots
Larry Summers, Timothy Geithner and Ben Bernanke may be fated to go down in history as the three horsemen of the global financial and economic apocalypse. Though Fed Chairman Bernanke was inherited by...
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Pimco’s Mohamed El-Erian Sees Threat to UK, USA Sovereign Debt Ratings
While much of the world’s business press is focussed on the Greek debt crisis, the threat to the euro and the possibility of the IMF entering the fray, the co-chief investment officer of Pimco, the...
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