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Overheating US economy may derail our recovery
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Overheating US economy may derail our recovery
Reading Time: 3 minutes The international business editor of the United Kingdom’s Daily Telegraph, Ambrose Evans-Pritchard, says the United States economy is at risk of a massive bubble by the end of this year. He writes that “all the levers of economic stimulus are pushed to the maximum, which sets the conditions for torrid overheating and an unstable boom”. The factors influencing this are bank deregulation, credit expansion, lower interest r…
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