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Doubting Timothy - Geithner Warns on the Current Account Deficit at 2006-07-09 19:42:58
Who cares about global imbalances anymore? Investors don’t seem to pay them much mind, as Morgan Stanley is reporting that the common perception voiced at its annual MacroVision seminar last week was that imbalances would unwind gradually into a soft landing as steady consumer demand in the US is augmented by growing demand abroad. Some economists are also suggesting that imbalances either don’t
