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I've previously argued that the internal imbalances of the Eurozone need not be a problem, as long as they materialize in the shape of equity transfers from the periphery to the center, rather than in the shape of debt buildups in the periphery. This German sovereign wealth fund idea sounds a lot like a form of regulation to make sure that happens, when individual German savers fail to choose equity over bonds.

Peak oil is not an energy crisis. It is a liquid fuel crisis.
by Starvid on Tue Aug 28th, 2012 at 09:27:13 AM EST
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