THE HUFFINGTON POST: The Globalization of Finance. The Tide Turns

The battle for the future of the global financial system has commenced. The two opposing forces: global liquidity and debt deleveraging, are on the battlefield. The supporting cast: QE3, ECB rate cuts, Chinese stimulus on the one side and EU credit crunch, US fiscal drag, Chinese political inertia on the other, are lined up. After months of skirmishing, the decisive battle appears to be at hand.

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