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International Reserves – Savings Gluts Can Last Only So Long

International Reserves – Savings Gluts Can Last Only So Long
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Global Growth is slowing. Worries about a hard landing in China proliferate. What does it mean for the global economy, and specifically, what does it mean for interest rates here in the United States? The secular trends over the last couple of decades have begun to reverse. The late 1990’s and the decade following 2000 were characterized by an unprecedented trend in emerging market growth. Cheap labor and cost advantages enabled BRIC countries to export increasing amounts of goods to developed nations.

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