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Cheap money could prove dear

22 May 2006 By Edward Hadas

The combination of high inflation and slow growth would be a monster threat to highly geared economies. But does it really loom? There are few signs as yet. But the US could be vulnerable, after so many years of easy money and huge trade deficits. There are few signs as yet. But the US could be vulnerable after so many years of easy money and huge trade deficits.

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