G8: All about Oil |
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Commodity prices have powered ahead of the financial crisis to become the number one priority of international policymakers—this is the single clearest message of this weekend’s G8 statement, which confirms in particular the common emphasis on commodity prices by Trichet and Bernanke two weeks ago. And stagflation is clearly the underlying, unspoken concern—a serious one, because there is no easy cure for it. The G8 Ministers say that policy choices have become “more complicated”. This is an
Filed under: Fundamental
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