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FYI: Just when the notion that Western economies are settling into a “new normal” of low growth gained mainstream acceptance, doubts about its continued relevance have begun to emerge. Instead, the world may be headed toward an economic and financial crossroads, with the direction taken depending on key policy decisions. Regards, Ted http://www.project-syndicate.org/print/the-end-of-the-new-normal-by-mohamed-a--el-erian-2016-02
