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February 11, 2012

Global Economy in a Calm Before Storm

Martin Taylor, Financial Times

AP Photo

Forget the icy weather: the financial markets are signalling that spring is coming. Equities are rallying and credit spreads have narrowed. Yet look around, if you can bear to. Similarities with the interwar period – a time of persistent false dawns – are multiplying ominously.

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TAGGED: Eurozone, global economy

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