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Ichiro said:
8jul-morgan stanley (GEF)-BOJ rare hike scenario

by takehiro sato

for info:

http://www.morganstanley.com/GEFdata/digests/20060609-fri.html#anchor4

I was reading the info at this link trying to understand more about the rate hike in Japan and noticed a little paragraph (if you scroll down a ways) that repeated something I had read somewhere else (and can't seem to find right now) that a global recession is becoming more of a possibility in 2007 - OUCH!

I'll excerpt the paragraph I'm referring to that I've cut and pasted from the link posted by ichiro:

==<snip> ======
Part of the strong growth in the past three years was borrowed from the future, because liquidity was artificially high. As liquidity normalizes, I believe that a global recession in 2007 is a distinct possibility.
=====<snip>=======
 
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