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Inflation is a subtler threat than it appears

Financial Times - Governments need to embrace an agenda which recognises that high food and energy prices are here to stay. They should think ahead and encourage capital spending in energy and farming technologies.

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Pulling in the same direction

Economist - Getting the world’s big central banks to act in the same way on the same day was a welcome show of unity given the threat to the global financial system and economy. It also minimised the risk of currency instability: a unilateral rate cut by one central bank could have hurt [...]

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