Thursday, Jan 25, 2007
Financial crisis next year
The Telegraph: Imbalances 'setting stage for crisis'
"The global imbalances are becoming more concentrated, not less," he said. While China is adding to its colossal reserves at a rate of $200bn (£102bn) a year, five countries, led by the US and Britain, now account for 84pc of the $1,000bn of trade deficits in the global system.
Posted by sold 2 rent 1 @ 10:15 AM (151 views) Add Comment
1 Comment
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1. enuii said...
It's crash time, are we witnessing a new phenomenon 'economic warfare'.