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Merrill: US faces Global Funding Crisis |
| Published: July 18, 2008, 7:16 am |
| Tags: commentary |
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"The country depends on Asian, Russian and Middle Eastern investors to fund much of its $700bn ( 350bn) current account deficit, leaving it far more vulnerable to a collapse of confidence than Japan in the early 1990s after the Nikkei bubble burst. Britain and other Anglo-Saxon deficit states could face a similar retreat by foreign investors." » original news [ Full article ] |
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