The former IMF chief warns the the US may not even be half-way through the credit crunch, and that the outcome may be the fall of one of the country’s big banks.
Sphere: Related ContentThe Labor Department reported that wholesale prices shot up 1.2 percent in July, pushed higher by rising costs for energy, motor vehicles and other products. The increase was more than twice than expected. Wholesale inflation surged in July, leaving prices for the past year rising at the fastest pace in 27 years
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