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The American Empire in a Changing World



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Friday, May 11, 2012

'Global credit markets face a 'perfect storm'

From SMH

''Companies across the world face a "perfect storm" as they have to raise more than £25 trillion ($40 trillion) to finance an upcoming "wall" of debt.''

''Businesses will need to secure as much as £28.5 trillion to refinance old borrowings and fund new spending, raising major questions over the ability of the world economy to avoid a recession, according to a report from Standard & Poor's.''

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