IMF Warns High Prices Risk Global Crisis

Global current account imbalances are likely to remain at elevated levels for longer than would otherwise have been the case, heightening the risk of sudden disorderly adjustment. High oil prices are increasing the US trade deficit. In addition, the recycling of petrodollars is driving down interest rates providing an unsustainable boost to US private consumption.

//www.truthout.org/docs_2006/040706F.shtml

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