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IPFS News Link • Economy - Economics USA

U.S. faces global funding crisis, warns Merrill Lynch

7-16-08 • Telegraph.co.uk/

The country depends on Asian, Russian and Middle Eastern investors to fund much of its $700bn (£350bn) current account deficit, leaving it far more vulnerable to a collapse of confidence than Japan in the early 1990s after the Nikkei bubble burst.

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U.S. faces global funding crisis, warns Merrill Lynch

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