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FEB 14, 2013 - Zero Hedge

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The Great Rebalancing: 10 Things To Watch In 2013

The great trade, capital flow and debt imbalances that were built up over the preceding two decades must reverse themselves. Michael Pettis notes, however, that these imbalances can continue for many years, but at some point they become unsustainable and the world must adjust by reversing those imbalances. One way or the other, in other words, the world will rebalance. But there are worse ways and better ways it can do so. Pettis adds that, any policy that does not clearly result in a reversal of the deep debt, trade and capital imbalances of the past decade is a policy that cannot be ... Read More

Tags: The Great Rebalancing: 10 Things To Watch In 2013,  European Central Bank Latest News