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Commentary: The Nice Years Are Over | |
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April 08, 2011 What Mervyn King, governor of the Bank of England, called the Nice (“non-inflationary, consistently expansionaryâ€) decade has vanished. In its place, we see what I would now call the Nasty (“nightmare of austere and stagflationary yearsâ€), the Financial Times reports. Source: http://www.cnbc.com/id/42486924?__source=RSS*tag*&par=RSS |
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