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The case against persistent global imbalances

Any one of 10 confidence-denting events that started in 2014 - if left to fester - is sufficiently dire to potentially trigger a new financial meltdown.

I ENJOYED reading professor Joergen Oerstroem Moeller's insightful recent article on global imbalances (BT, Dec 3). However, I must respectfully disagree with my dear friend's suggestion that persistent global imbalances may not be such a bad thing for the global economy. True, if global