Erik Izraelewicz notes that "the heights reached [Monday, March 3rd] by the euro, gold, and petrol, as well as those surpassed by wheat, milk and steel, were hardly imaginable just a few weeks ago. European currency over 1.5 dollars, an ounce of yellow metal at almost 1,000 dollars, the price of a petrol barrel now a three-figure number ... These peaks now feature in our landscape. This series of records is actually symptomatic of our world's difficulties, the expression of current imbalances in the world economy, profound imbalances that have only gotten worse in recent years. Imbalances between a rich world that consumes credit and a poor world that saves money. ... The therapies proposed on a global level are, for the time being, extremely poor. The symptoms may well last and even deteriorate, while records continue to be broken." (04/03/2008)
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