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The global economy has already entered into stagflation with a growth rate of 2% and inflation at 3%. The inflation rate is likely to rise above 4% in 18 months while the growth rate will remain stuck in the same range. With inflation twice as high
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Our listless recovery has run into a series of obstacles lately -- a double dip in housing prices, dismal job growth, a downbeat consumer, and budget debacles on both sides of the Atlantic. Yes, the debt-ceiling debate in Washington is over, allowing
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