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...In effect, argues Michael Pettis of Peking university, these peripheral countries absorbed the shortfall in German demand by increasing their unemployment and relaying excess German savings into investment...
...Frank Boll Rotselaar, Belgium...
...michael.mackenzie@ft.comLetter in response to this column: Fed’s inflation targeting is unwise and ill-conceived / From Frank Boll, Rotselaar, Belgium...
...Among their concerns: that lower-quality bales would be sold from countries where cotton bolls are still picked by hand....
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