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US credit crisis looming, investors warned

Leigh Powell
Matt Murphy of Eaton Vance sees major risk of consumer price deflation and recession in the US amid misunderstanding of Federal Reserve action and the strength of America's recovery.
US credit crisis looming, investors warned

A credit crisis is looming that threatens to wreak financial havoc, even as international markets continue to overlook a crucial mismatch in the US economy, warns Matt Murphy of US fund house Eaton Vance.

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