CREDIT BUBBLE BULLETIN
The beginning of the end?
The recent tumult in some European debt markets has reignited global crisis fears, and other straws in the market winds do little to allay these concerns. Do the US dollar's rally and commodities' downturn indicate deflation? Have the Chinese become serious about reining in financial excess? In short, is the sum of the various recent pullbacks the pause that refreshes - or is it the beginning of the end for global reflation?
http://www.atimes.com/atimes/Global_Economy/LB09Dj01.html
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