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Prepare to answer clients' questions about the economy. A new think-tank report on debt and deleveraging warns about the impact of reducing high debt and why we're in for a long process of unwinding after the great credit bubble.
Wall Street Watch: If market volatility is bad, economic volatility is worse. It threatens our financial assets, diminishes our confidence, and undermines our standard of living. China's newly aggressive stance doesn't help, especially given our burgeoning deficit. The key to our salvation? A little austerity punctuated by the very rich and robust Friday Funnies.
For a long time now, China has been investing in the U.S., and the U.S. has been buying Chinese exports. Can concern about currency manipulation and inflation borne of and then exacerbated by the recession derail that relationship?
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