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"Trade Imbalances Lead to Debt Imbalances" or Why Mercantilist Nations Shouldn't Beef About Their "Profligate" Customers  naked capitalism

Yves discusses, excerpts from and links to an on point article by Michael Pettis.

"It is not necessary to have hope in order to persevere."

by ARGeezer (ARGeezer a in a circle eurotrib daught com) on Wed Jul 20th, 2011 at 08:43:59 PM EST

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