Quote of the Day

“Global imbalances lie at the heart of the current recession; failure to address them will abort recovery and lead to currency wars. Gold can play a minor part in the necessary rebalancing, as Mr Zoellick suggests – although history shows that a gold standard would be too deflationary.”   – Robert Skidelsky,  FT
This entry was posted in Bonds, China, Commodities, Fiscal Policy, Monetary Policy, Politics, Sovereign Risk and tagged , , . Bookmark the permalink.

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