{"id":31936,"date":"2015-08-18T12:02:54","date_gmt":"2015-08-18T10:02:54","guid":{"rendered":"http:\/\/www.floracantabrica.com\/?p=31936"},"modified":"2015-08-18T12:02:54","modified_gmt":"2015-08-18T10:02:54","slug":"tick-all-economic-indicators-point-to-that-we-are-approaching-the-crisis","status":"publish","type":"post","link":"https:\/\/www.floracantabrica.com\/?p=31936","title":{"rendered":"&#8230;.Tick&#8230; all economic indicators point to that we are approaching the crisis"},"content":{"rendered":"<p><a href=\"http:\/\/twitter.com\/share?url=https%3A%2F%2Fwww.floracantabrica.com%2F%3Fp%3D31936&amp;count=none&amp;lang=es&amp;via=lorencincoreses&amp;related=Mujerverdosa&amp;text=....Tick... all economic indicators point to that we are approaching the crisis - Flora Cant\u00e1brica\" class=\"twitter-share-button\">Tweet<\/a><\/p><p>,,,,,,,,,,,,,,,,<\/p>\n<p><strong><span style=\"font-size: 14pt;\">Tictac&#8230; todos los indicadores econ\u00f3micos se\u00f1alan que nos acercamos a la crisis definitiva<\/span><\/strong><\/p>\n<p><strong><span style=\"font-size: 14pt;\">&#8230;&#8230;<\/span><\/strong><\/p>\n<p><strong><span style=\"font-size: 14pt;\">..<\/span><\/strong><\/p>\n<p><strong><span style=\"font-size: 14pt;\">Tick&#8230; all economic indicators point to that we are approaching the crisis<\/span><\/strong><\/p>\n<p><strong><span style=\"font-size: 14pt;\">\u00a0<\/span><\/strong><\/p>\n<p><strong><span style=\"font-size: 14pt;\">&#8230;<\/span><\/strong><\/p>\n<p><strong><span style=\"font-size: 14pt;\">RT<\/span><\/strong><\/p>\n<p><span style=\"font-size: 14pt;\">\u00a0,,<\/span><\/p>\n<p><a href=\"http:\/\/www.floracantabrica.com\/wp-content\/uploads\/2015\/08\/image00260.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-31942\" src=\"http:\/\/www.floracantabrica.com\/wp-content\/uploads\/2015\/08\/image00260.jpg\" alt=\"image002\" width=\"567\" height=\"671\" srcset=\"https:\/\/www.floracantabrica.com\/wp-content\/uploads\/2015\/08\/image00260.jpg 567w, https:\/\/www.floracantabrica.com\/wp-content\/uploads\/2015\/08\/image00260-253x300.jpg 253w\" sizes=\"auto, (max-width: 567px) 100vw, 567px\" \/><\/a><\/p>\n<p><span style=\"font-size: 14pt;\">&#8230;<\/span><\/p>\n<p><span style=\"font-size: 14pt;\"><strong>Por todo el mundo los bancos centrales han perdido el control de la situaci\u00f3n y la econom\u00eda mundial est\u00e1 a punto de paralizarse. Pronto los mercados de valores colapsar\u00e1n bajo el peso de sus elevadas expectativas y valoraciones r\u00e9cord, opinan los expertos econ\u00f3micos de &#8216;The Telegraph&#8217;. <\/strong><\/span><\/p>\n<p><span style=\"font-size: 14pt;\"><strong>&#8230;&#8230;..<\/strong><\/span><\/p>\n<ol>\n<li><span style=\"font-size: 14pt;\"><strong> Desaceleraci\u00f3n de la econom\u00eda china<\/strong><\/span><\/li>\n<\/ol>\n<p><span style=\"font-size: 14pt;\"><strong>\u00a0<\/strong><\/span><\/p>\n<p><span style=\"font-size: 14pt;\">China fue el gran salvador de la econom\u00eda mundial en 2008. El lanzamiento de un paquete de est\u00edmulos sin precedentes provoc\u00f3 un auge de la inversi\u00f3n en infraestructura. Sin embargo, actualmente el crecimiento econ\u00f3mico del pa\u00eds ha descendido un 7% por primera vez en un cuarto de siglo, cita los datos oficiales el diario brit\u00e1nico &#8216;<a href=\"http:\/\/www.telegraph.co.uk\/finance\/11805523\/Doomsday-clock-for-global-market-crash-strikes-one-minute-to-midnight-as-central-banks-lose-control.html\">The Telegraph<\/a>&#8216; en su art\u00edculo &#8216;Falta un minuto en el reloj del juicio final para el apocalipsis econ\u00f3mico mundial&#8217;. Tras una serie de medidas dirigidas a estabilizar el descenso de la econom\u00eda, el Banco Popular de China utiliz\u00f3 como \u00faltima opci\u00f3n la <a href=\"http:\/\/actualidad.rt.com\/video\/183278-devaluacion-historica-yuan-sacudir-mercados\">devaluaci\u00f3n de la moneda nacional<\/a>, algo que ha sacudido los mercados internacionales.<\/span><\/p>\n<ol start=\"2\">\n<li><span style=\"font-size: 14pt;\"><strong> Colapso de los precios de las materias primas<\/strong><\/span><\/li>\n<\/ol>\n<p><span style=\"font-size: 14pt;\">La reducci\u00f3n de la demanda de las materias primas en China ha influido en el mercado de estos productos a nivel mundial. El\u00a0<a href=\"http:\/\/actualidad.rt.com\/economia\/182213-uranio-materias-primas-escapar-colapso-precios\">precio de 22 materias primas<\/a> cay\u00f3 a niveles vistos por \u00faltima vez a principios de este siglo. El\u00a0<a href=\"http:\/\/actualidad.rt.com\/economia\/182246-precios-petroleo-caida-razon\">precio del petr\u00f3leo<\/a> \u2014que es el bar\u00f3metro m\u00e1s claro del crecimiento mundial ya que es el combustible que mueve casi todos los sectores industriales y la producci\u00f3n en todo el mundo\u2014 ha empezado a caer otra vez tras un breve repunte a principios de a\u00f1o. El mineral de hierro es una materia prima esencial que se necesita para alimentar las f\u00e1bricas de acero de China y como tal es un buen indicador del ritmo de la construcci\u00f3n. Su precio ha ca\u00eddo a 56 d\u00f3lares por tonelada, mientras que en enero de 2014 costaba 140 d\u00f3lares.<\/span><\/p>\n<ol start=\"3\">\n<li><span style=\"font-size: 14pt;\"><strong> Crisis crediticia en el sector de recursos<\/strong><\/span><\/li>\n<\/ol>\n<p><span style=\"font-size: 14pt;\">Miles de millones de d\u00f3lares en pr\u00e9stamos fueron invertidos en los mercados mundiales para financiar nuevas minas y la exploraci\u00f3n de petr\u00f3leo, pero solo algunos de los yacimientos resultaron ser rentables en el contexto del colapso de precios. \u00abEn ninguna parte esto se ha dejado sentir con m\u00e1s intensidad que en la extracci\u00f3n de petr\u00f3leo y gas de esquisto en EE.UU. La ca\u00edda de los precios del crudo exprimi\u00f3 las finanzas de los perforadores de EE.UU. Dos de los mayores emisores de los &#8216;bonos basura&#8217; en los \u00faltimos cinco a\u00f1os, Chesapeake y California Resources, vieron caer el valor de sus t\u00edtulos cuando a los mercados de capitales les entr\u00f3 el p\u00e1nico\u00bb, escribe el diario.<\/span><\/p>\n<ol start=\"4\">\n<li><span style=\"font-size: 14pt;\"><strong> Efecto domin\u00f3<\/strong><\/span><\/li>\n<\/ol>\n<p><span style=\"font-size: 14pt;\">Los grandes pilares de la econom\u00eda mundial est\u00e1n empezando a caer. Mientras que China sufre una desaceleraci\u00f3n econ\u00f3mica y EE.UU. experimenta una situaci\u00f3n parecida a la <a href=\"http:\/\/actualidad.rt.com\/economia\/164936-zozobra-economica-eeuu-gran-depresion\">anterior a la Gran Depresi\u00f3n<\/a>, los mercados emergentes se est\u00e1n paralizando. Los bancos centrales est\u00e1n perdiendo r\u00e1pidamente el control. Los mercados de valores en Grecia est\u00e1n en crisis ya que la econom\u00eda se paraliz\u00f3 y el pa\u00eds coquetea con la salida de la eurozona.<\/span><\/p>\n<ol start=\"5\">\n<li><span style=\"font-size: 14pt;\"><strong> Tensi\u00f3n en los mercados de cr\u00e9dito<\/strong><\/span><\/li>\n<\/ol>\n<p><span style=\"font-size: 14pt;\">Dado que los bancos centrales han perdido el control de la situaci\u00f3n, los mercados de cr\u00e9dito est\u00e1n tratando desesperadamente de cambiar el precio del riesgo. El Libor (&#8216;London InterBank Offered Rate&#8217;), una tasa de referencia diaria en el mercado interbancario basada en la tasa de inter\u00e9s a la cual los bancos ofrecen fondos no asegurados a otros bancos, ha ido en aumento durante los \u00faltimos 12 meses. Parte de este proceso es un saludable retorno a los precios normales del riesgo despu\u00e9s de seis a\u00f1os de un extraordinario est\u00edmulo monetario. Sin embargo, es muy posible que los seis a\u00f1os de dependencia del Banco Central brit\u00e1nico de los fondos hayan influido negativamente en el sistema en general.<\/span><\/p>\n<ol start=\"6\">\n<li><span style=\"font-size: 14pt;\"><strong> Choque de tasas de inter\u00e9s<\/strong><\/span><\/li>\n<\/ol>\n<p><span style=\"font-size: 14pt;\">Las tasas de inter\u00e9s se han mantenido en m\u00ednimos de emergencia en el Reino Unido y EE.UU. durante seis a\u00f1os. Se espera que las tasas crezcan hasta un 0,25% en EE.UU. para el final del a\u00f1o. La subida de los tipos de inter\u00e9s en el Reino Unido suceder\u00e1 poco despu\u00e9s.<\/span><\/p>\n<ol start=\"7\">\n<li><span style=\"font-size: 14pt;\"><strong> Tendencias alcistas en el mercado<\/strong><\/span><\/li>\n<\/ol>\n<p><span style=\"font-size: 14pt;\">El mercado de valores del Reino Unido experimenta su 77.\u00ba mes consecutivo al alza, una tendencia que se inici\u00f3 en marzo de 2009. En solo dos ocasiones en la historia un mercado ha mantenido el crecimiento durante m\u00e1s tiempo: en el periodo previo al crack del 29 en EE.UU. y antes del estallido de la burbuja de las empresas &#8216;punto com&#8217; a principios del 2000.<\/span><\/p>\n<ol start=\"8\">\n<li><span style=\"font-size: 14pt;\"><strong> El mercado sobrevaluado de EE.UU.<\/strong><\/span><\/li>\n<\/ol>\n<p><span style=\"font-size: 14pt;\">En EE.UU., la relaci\u00f3n precio\/ganancias c\u00edclicamente ajustada del profesor Robert Shiller (conocida como &#8216;Shiller CAPE&#8217;) se ha situado en el nivel de 27,2, un 64% por encima de su promedio hist\u00f3rico (16,6). Solo en tres ocasiones desde 1882 este \u00edndice ha sido mayor que el actual: en 1929, 2000 y 2007.<\/span><\/p>\n<p><span style=\"font-size: 14pt;\">\u00a0&#8230;&#8230;&#8230;&#8230;<\/span><\/p>\n<p>&#8230;&#8230;&#8230;&#8230;&#8230;..<\/p>\n<div id=\"OutputText\" class=\"Wrap\" tabindex=\"99999\">\n<div><span style=\"font-size: 14pt;\"><span id=\"ouHighlight__0_8TO0_6\">Tick&#8230;<\/span><span id=\"noHighlight_0.9067996386549758\"> <\/span><span id=\"ouHighlight__10_14TO8_10\">all<\/span><span id=\"noHighlight_0.5113207957341432\"> <\/span><span id=\"ouHighlight__32_41TO12_19\">economic<\/span><span id=\"noHighlight_0.2438728950231024\"> <\/span><span id=\"ouHighlight__20_30TO21_30\">indicators<\/span><span id=\"noHighlight_0.13366947667072226\"> <\/span><span id=\"ouHighlight__43_49TO32_36\">point<\/span><span id=\"noHighlight_0.859360418489652\"> to <\/span><span id=\"ouHighlight__51_53TO41_44\">that<\/span><span id=\"noHighlight_0.37653550920604456\"> <\/span><span id=\"ouHighlight__55_57TO46_47\">we<\/span><span id=\"noHighlight_0.9975811968546947\"> are <\/span><span id=\"ouHighlight__59_69TO53_63\">approaching<\/span><span id=\"noHighlight_0.9822044429812151\"> <\/span><span id=\"ouHighlight__71_72TO65_67\">the<\/span><span id=\"noHighlight_0.7292788737371211\"> <\/span><span id=\"ouHighlight__81_90TO69_73\">final<\/span><span id=\"noHighlight_0.943232104254824\"> <\/span><span id=\"ouHighlight__74_79TO75_80\">crisis<\/span><\/span><\/div>\n<div><span id=\"noHighlight_0.9511899518585392\" style=\"font-size: 14pt;\">&#8230;&#8230;<\/span><\/div>\n<div><span id=\"noHighlight_0.44690009980713746\" style=\"font-size: 14pt;\">..<\/span><\/div>\n<div><span id=\"noHighlight_0.014987462787045768\" style=\"font-size: 14pt;\">&#8230;<\/span><\/div>\n<div><span style=\"font-size: 14pt;\"><span id=\"ouHighlight__12_16TO0_4\">World<\/span><span id=\"noHighlight_0.007299421411156692\"> <\/span><span id=\"ouHighlight__29_37TO6_12\">central<\/span><span id=\"noHighlight_0.0614671867266961\"> <\/span><span id=\"ouHighlight__18_27TO14_18\">banks<\/span><span id=\"noHighlight_0.9949378924889609\"> <\/span><span id=\"ouHighlight__39_41TO20_23\">have<\/span><span id=\"noHighlight_0.3534396185045546\"> <\/span><span id=\"ouHighlight__43_49TO25_28\">lost<\/span><span id=\"noHighlight_0.09086660569842514\"> <\/span><span id=\"ouHighlight__54_60TO30_36\">control<\/span><span id=\"noHighlight_0.8506273875926714\"> <\/span><span id=\"ouHighlight__62_63TO38_39\">of<\/span><span id=\"noHighlight_0.376897317178777\"> <\/span><span id=\"ouHighlight__65_66TO41_43\">the<\/span><span id=\"noHighlight_0.04856874338942735\"> <\/span><span id=\"ouHighlight__68_76TO45_53\">situation<\/span><span id=\"noHighlight_0.5130840305753052\"> <\/span><span id=\"ouHighlight__78_78TO55_57\">and<\/span><span id=\"noHighlight_0.8962491019201832\"> <\/span><span id=\"ouHighlight__80_81TO59_61\">the<\/span><span id=\"noHighlight_0.5096041281889816\"> <\/span><span id=\"ouHighlight__92_98TO63_68\">global<\/span><span id=\"noHighlight_0.7713934590051445\"> <\/span><span id=\"ouHighlight__83_90TO70_76\">economy<\/span><span id=\"noHighlight_0.6525892104121307\"> <\/span><span id=\"ouHighlight__100_103TO78_79\">is<\/span><span id=\"noHighlight_0.8255991214472835\"> <\/span><span id=\"ouHighlight__107_111TO81_85\">about<\/span><span id=\"noHighlight_0.8980501188350607\"> <\/span><span id=\"ouHighlight__105_105TO87_88\">to<\/span><span id=\"noHighlight_0.3940625895375003\"> <\/span><span id=\"ouHighlight__116_126TO90_95\">freeze<\/span><span id=\"noHighlight_0.7530003006178827\">. <\/span><span id=\"ouHighlight__129_134TO98_101\">Soon<\/span><span id=\"noHighlight_0.8827064028527749\"> <\/span><span id=\"ouHighlight__136_138TO103_105\">the<\/span><span id=\"noHighlight_0.2712229665472015\"> <\/span><span id=\"ouHighlight__152_158TO107_111\">stock<\/span><span id=\"noHighlight_0.7748551438802946\"> <\/span><span id=\"ouHighlight__140_147TO113_119\">markets<\/span><span id=\"noHighlight_0.9913267531248606\"> <\/span><span id=\"ouHighlight__160_169TO121_128\">collapse<\/span><span id=\"noHighlight_0.9302838039752039\"> <\/span><span id=\"ouHighlight__171_174TO130_134\">under<\/span><span id=\"noHighlight_0.8908928759041392\"> <\/span><span id=\"ouHighlight__176_177TO136_138\">the<\/span><span id=\"noHighlight_0.36213033552868695\"> <\/span><span id=\"ouHighlight__179_182TO140_145\">weight<\/span><span id=\"noHighlight_0.19236177965458467\"> <\/span><span id=\"ouHighlight__184_185TO147_148\">of<\/span><span id=\"noHighlight_0.9931164385841369\"> <\/span><span id=\"ouHighlight__191_198TO150_153\">high<\/span><span id=\"noHighlight_0.8691892696125614\"> <\/span><span id=\"ouHighlight__187_189TO155_166\">expectations<\/span><span id=\"noHighlight_0.22367079094795256\"> <\/span><span id=\"ouHighlight__213_213TO168_170\">and<\/span><span id=\"noHighlight_0.21569846530779085\"> <\/span><span id=\"ouHighlight__215_226TO172_178\">ratings<\/span><span id=\"noHighlight_0.34343565419338234\"> <\/span><span id=\"ouHighlight__228_233TO180_185\">record<\/span><span id=\"noHighlight_0.8775663606141741\">,<\/span><span id=\"noHighlight_0.12742584419233088\"> <\/span><span id=\"ouHighlight__236_241TO188_192\">think<\/span><span id=\"noHighlight_0.32423781281873737\"> <\/span><span id=\"ouHighlight__267_268TO194_195\">of<\/span><span id=\"noHighlight_0.2625862236871184\"> <\/span><span id=\"ouHighlight__270_273TO197_200\">&#8216;The<\/span><span id=\"noHighlight_0.177608069665742\"> <\/span><span id=\"ouHighlight__275_284TO202_211\">Telegraph&#8217;<\/span><span id=\"noHighlight_0.3240762219758912\"> <\/span><span id=\"ouHighlight__256_265TO213_220\">economic<\/span><span id=\"noHighlight_0.9065339955691043\"> <\/span><span id=\"ouHighlight__247_254TO222_228\">experts<\/span><span id=\"noHighlight_0.7783339888204239\">.<\/span><\/span><\/div>\n<div><span id=\"noHighlight_0.237505262881967\" style=\"font-size: 14pt;\">&#8230;&#8230;..<\/span><\/div>\n<div><span style=\"font-size: 14pt;\"><span id=\"ouHighlight__0_1TO0_0\">1<\/span><span id=\"noHighlight_0.8483578472690227\"> <\/span><span id=\"ouHighlight__3_16TO2_9\">slowdown<\/span><span id=\"noHighlight_0.8887441694444096\"> <\/span><span id=\"ouHighlight__18_19TO11_12\">of<\/span><span id=\"noHighlight_0.5721955838562427\"> <\/span><span id=\"ouHighlight__33_37TO14_20\">china&#8217;s<\/span><span id=\"noHighlight_0.2365767722640822\"> <\/span><span id=\"ouHighlight__24_31TO22_28\">economy<\/span><\/span><\/div>\n<div><span style=\"font-size: 14pt;\"><span id=\"ouHighlight__0_4TO0_4\">China<\/span><span id=\"noHighlight_0.2847298076292956\"> <\/span><span id=\"ouHighlight__6_8TO6_8\">was<\/span><span id=\"noHighlight_0.9265466552200784\"> <\/span><span id=\"ouHighlight__10_11TO10_12\">the<\/span><span id=\"noHighlight_0.1781706096651039\"> <\/span><span id=\"ouHighlight__13_16TO14_18\">great<\/span><span id=\"noHighlight_0.1023650575995474\"> <\/span><span id=\"ouHighlight__18_25TO20_25\">savior<\/span><span id=\"noHighlight_0.7120531568459985\"> <\/span><span id=\"ouHighlight__27_28TO27_28\">of<\/span><span id=\"noHighlight_0.39282706643209136\"> <\/span><span id=\"ouHighlight__30_31TO30_32\">the<\/span><span id=\"noHighlight_0.0030436374963883072\"> <\/span><span id=\"ouHighlight__42_48TO34_38\">world<\/span><span id=\"noHighlight_0.3608129727393399\"> <\/span><span id=\"ouHighlight__33_40TO40_46\">economy<\/span><span id=\"noHighlight_0.508838444845904\"> <\/span><span id=\"ouHighlight__50_51TO48_49\">in<\/span><span id=\"noHighlight_0.09557381021723521\"> <\/span><span id=\"ouHighlight__53_56TO51_54\">2008<\/span><span id=\"noHighlight_0.4108535601418824\">.<\/span><span id=\"noHighlight_0.6330210622262732\"> <\/span><span id=\"ouHighlight__59_60TO57_59\">The<\/span><span id=\"noHighlight_0.7234141359894299\"> <\/span><span id=\"ouHighlight__62_72TO61_66\">launch<\/span><span id=\"noHighlight_0.8420799025134198\"> <\/span><span id=\"ouHighlight__74_75TO68_69\">of<\/span><span id=\"noHighlight_0.555959575492146\"> <\/span><span id=\"ouHighlight__77_78TO71_72\">an<\/span><span id=\"noHighlight_0.9417599449086678\"> <\/span><span id=\"ouHighlight__101_115TO74_86\">unprecedented<\/span><span id=\"noHighlight_0.8312185137720336\"> <\/span><span id=\"ouHighlight__91_99TO88_95\">stimulus<\/span><span id=\"noHighlight_0.5212429702061181\"> <\/span><span id=\"ouHighlight__80_86TO97_103\">package<\/span><span id=\"noHighlight_0.6373416539428965\"> <\/span><span id=\"ouHighlight__117_123TO105_113\">triggered<\/span><span id=\"noHighlight_0.901782542348861\"> <\/span><span id=\"ouHighlight__125_126TO115_115\">a<\/span><span id=\"noHighlight_0.10252554202945668\"> <\/span><span id=\"ouHighlight__128_131TO117_120\">boom<\/span><span id=\"noHighlight_0.28053266264734006\"> <\/span><span id=\"ouHighlight__133_134TO122_123\">in<\/span><span id=\"noHighlight_0.20425404648642115\"> <\/span><span id=\"ouHighlight__152_166TO125_138\">infrastructure<\/span><span id=\"noHighlight_0.4741730158202729\"> <\/span><span id=\"ouHighlight__139_147TO140_149\">investment<\/span><span id=\"noHighlight_0.6300914320852298\">.<\/span><span id=\"noHighlight_0.3916033906481091\"> <\/span><span id=\"ouHighlight__169_179TO152_158\">However<\/span><span id=\"noHighlight_0.7017710128496395\">,<\/span><span id=\"noHighlight_0.0328916441174637\"> <\/span><span id=\"ouHighlight__182_192TO161_169\">currently<\/span><span id=\"noHighlight_0.3585492939350913\"> <\/span><span id=\"ouHighlight__223_226TO171_173\">the<\/span><span id=\"noHighlight_0.7745537433026278\"> <\/span><span id=\"ouHighlight__228_229TO175_181\">country<\/span><span id=\"ouHighlight__219_221TO182_183\">&#8216;s<\/span><span id=\"noHighlight_0.30947746928844305\"> <\/span><span id=\"ouHighlight__209_217TO185_192\">economic<\/span><span id=\"noHighlight_0.6632236160026883\"> <\/span><span id=\"ouHighlight__197_207TO194_199\">growth<\/span><span id=\"noHighlight_0.13804335447452187\"> <\/span><span id=\"ouHighlight__231_240TO201_203\">has<\/span><span id=\"noHighlight_0.12056016916834866\"> <\/span><span id=\"ouHighlight__242_243TO205_212\">declined<\/span><span id=\"noHighlight_0.44784731295324764\"> <\/span><span id=\"ouHighlight__245_246TO214_215\">7%<\/span><span id=\"noHighlight_0.8471916994378732\"> <\/span><span id=\"ouHighlight__252_258TO217_219\">for<\/span><span id=\"noHighlight_0.036508188427638644\"> the <\/span><span id=\"ouHighlight__260_262TO225_229\">first<\/span><span id=\"noHighlight_0.30358940875801327\"> <\/span><span id=\"ouHighlight__264_265TO231_234\">time<\/span><span id=\"noHighlight_0.6793902805700981\"> <\/span><span id=\"ouHighlight__267_268TO236_237\">in<\/span><span id=\"noHighlight_0.20759417672167918\"> <\/span><span id=\"ouHighlight__270_275TO239_239\">a<\/span><span id=\"noHighlight_0.8881626452607092\"> <\/span><span id=\"ouHighlight__277_278TO241_247\">quarter<\/span><span id=\"noHighlight_0.304120612410314\"> <\/span><span id=\"ouHighlight__280_284TO249_250\">of<\/span><span id=\"noHighlight_0.11543793471502145\"> a <\/span><span id=\"ouHighlight__285_285TO254_260\">century<\/span><span id=\"noHighlight_0.7801808367091717\">,<\/span><span id=\"noHighlight_0.33020196015640945\"> <\/span><span id=\"ouHighlight__292_294TO263_267\">CITES<\/span><span id=\"noHighlight_0.18128439922070233\"> <\/span><span id=\"ouHighlight__312_313TO269_276\">official<\/span><span id=\"noHighlight_0.8544782005486453\"> <\/span><span id=\"ouHighlight__302_310TO278_281\">data<\/span><span id=\"noHighlight_0.36258176613130516\"> <\/span><span id=\"ouHighlight__315_320TO283_285\">the<\/span><span id=\"noHighlight_0.3853359670680785\"> <\/span><span id=\"ouHighlight__332_335TO287_293\">British<\/span><span id=\"noHighlight_0.7245532327050166\"> <\/span><span id=\"ouHighlight__322_330TO295_303\">newspaper<\/span><span id=\"noHighlight_0.4242368128023446\"> <\/span><span id=\"ouHighlight__337_345TO305_308\">&#8216;The<\/span><span id=\"noHighlight_0.8489547511414683\"> <\/span><span id=\"ouHighlight__346_346TO310_319\">Telegraph&#8217;<\/span><span id=\"noHighlight_0.9847350160598141\"> <\/span><span id=\"ouHighlight__351_352TO321_322\">in<\/span><span id=\"noHighlight_0.29209332107346075\"> <\/span><span id=\"ouHighlight__354_361TO324_326\">his<\/span><span id=\"noHighlight_0.6772433601884182\"> <\/span><span id=\"ouHighlight__363_368TO328_334\">article<\/span><span id=\"noHighlight_0.1009190757360689\"> <\/span><span id=\"ouHighlight__370_371TO336_343\">&#8216;Missing<\/span><span id=\"noHighlight_0.6941093947163994\"> <\/span><span id=\"ouHighlight__373_378TO345_345\">a<\/span><span id=\"noHighlight_0.00011555112585359683\"> <\/span><span id=\"ouHighlight__380_381TO347_352\">minute<\/span><span id=\"noHighlight_0.098408408373029\"> <\/span><span id=\"ouHighlight__383_384TO354_355\">in<\/span><span id=\"noHighlight_0.8281949178611905\"> <\/span><span id=\"ouHighlight__386_390TO357_359\">the<\/span><span id=\"noHighlight_0.30506237694658766\"> <\/span><span id=\"ouHighlight__414_415TO361_365\">final<\/span><span id=\"noHighlight_0.8660389483238464\"> <\/span><span id=\"ouHighlight__409_412TO367_374\">judgment<\/span><span id=\"noHighlight_0.023177508634893096\"> <\/span><span id=\"ouHighlight__417_427TO376_378\">for<\/span><span id=\"noHighlight_0.1564689183683639\"> <\/span><span id=\"ouHighlight__429_437TO380_382\">the<\/span><span id=\"noHighlight_0.884520592835666\"> <\/span><span id=\"ouHighlight__447_447TO384_397\">world economic<\/span><span id=\"noHighlight_0.7280070194732451\"> <\/span><span id=\"ouHighlight__439_446TO399_408\">Apocalypse<\/span><span id=\"noHighlight_0.8361167589571786\"> <\/span><span id=\"ouHighlight__392_394TO410_415\">clock&#8217;<\/span><span id=\"noHighlight_0.04535846581882175\">. <\/span><span id=\"ouHighlight__449_452TO418_422\">After<\/span><span id=\"noHighlight_0.3369598545550628\"> <\/span><span id=\"ouHighlight__454_456TO424_424\">a<\/span><span id=\"noHighlight_0.7642738567644618\"> <\/span><span id=\"ouHighlight__458_462TO426_431\">series<\/span><span id=\"noHighlight_0.8223236555676037\"> <\/span><span id=\"ouHighlight__464_465TO433_434\">of<\/span><span id=\"noHighlight_0.48594845290214505\"> <\/span><span id=\"ouHighlight__467_483TO436_443\">measures<\/span><span id=\"noHighlight_0.5273085744058461\"> <\/span><span id=\"ouHighlight__485_485TO445_446\">to<\/span><span id=\"noHighlight_0.2182033010900281\"> <\/span><span id=\"ouHighlight__487_497TO448_456\">stabilize<\/span><span id=\"noHighlight_0.977846233500564\"> <\/span><span id=\"ouHighlight__499_500TO458_460\">the<\/span><span id=\"noHighlight_0.45522591002488005\"> <\/span><span id=\"ouHighlight__502_509TO462_468\">decline<\/span><span id=\"noHighlight_0.5368247773331124\"> <\/span><span id=\"ouHighlight__511_512TO470_471\">in<\/span><span id=\"noHighlight_0.4981013671809098\"> <\/span><span id=\"ouHighlight__514_515TO473_475\">the<\/span><span id=\"noHighlight_0.7503323187565084\"> <\/span><span id=\"ouHighlight__517_524TO477_483\">economy<\/span><span id=\"noHighlight_0.9338395912049673\">,<\/span><span id=\"noHighlight_0.6799070451964961\"> <\/span><span id=\"ouHighlight__527_528TO486_488\">the<\/span><span id=\"noHighlight_0.16582810011715887\"> <\/span><span id=\"ouHighlight__536_542TO490_495\">people<\/span><span id=\"noHighlight_0.3774198918392482\">&#8216;s <\/span><span id=\"ouHighlight__530_534TO499_502\">Bank<\/span><span id=\"noHighlight_0.9039630979647655\"> <\/span><span id=\"ouHighlight__544_545TO504_505\">of<\/span><span id=\"noHighlight_0.49671358749461336\"> <\/span><span id=\"ouHighlight__547_551TO507_511\">China<\/span><span id=\"noHighlight_0.45411237185322717\"> <\/span><span id=\"ouHighlight__553_559TO513_516\">used<\/span><span id=\"noHighlight_0.21791866817835598\"> <\/span><span id=\"ouHighlight__561_564TO518_519\">as<\/span><span id=\"noHighlight_0.13564153805370538\"> a <\/span><span id=\"ouHighlight__566_571TO523_526\">last<\/span><span id=\"noHighlight_0.054627765626826474\"> <\/span><span id=\"ouHighlight__573_578TO528_533\">option<\/span><span id=\"noHighlight_0.859718909475855\"> <\/span><span id=\"ouHighlight__580_581TO535_537\">the<\/span><span id=\"noHighlight_0.2296219159819718\"> <\/span><span id=\"ouHighlight__583_593TO539_549\">devaluation<\/span><span id=\"noHighlight_0.7428535639929836\"> <\/span><span id=\"ouHighlight__595_596TO551_552\">of<\/span><span id=\"noHighlight_0.5410224996604734\"> <\/span><span id=\"ouHighlight__598_599TO554_556\">the<\/span><span id=\"noHighlight_0.048094046764510234\"> <\/span><span id=\"ouHighlight__608_615TO558_565\">national<\/span><span id=\"noHighlight_0.5376267705052677\"> <\/span><span id=\"ouHighlight__601_606TO567_574\">currency<\/span><span id=\"noHighlight_0.9446219381425518\">,<\/span><span id=\"noHighlight_0.3104400207027495\"> <\/span><span id=\"ouHighlight__618_621TO577_585\">something<\/span><span id=\"noHighlight_0.7748428038557944\"> <\/span><span id=\"ouHighlight__623_625TO587_591\">which<\/span><span id=\"noHighlight_0.8583302471633276\"> <\/span><span id=\"ouHighlight__627_628TO593_595\">has<\/span><span id=\"noHighlight_0.20185748736989173\"> <\/span><span id=\"ouHighlight__630_637TO597_602\">rocked<\/span><span id=\"noHighlight_0.2612174281560724\"> <\/span><span id=\"ouHighlight__652_666TO604_616\">international<\/span><span id=\"noHighlight_0.780366774168058\"> <\/span><span id=\"ouHighlight__639_650TO618_624\">markets<\/span><span id=\"noHighlight_0.3968072215967915\">.<\/span><\/span><\/div>\n<div><span style=\"font-size: 14pt;\"><span id=\"ouHighlight__0_1TO0_0\">2<\/span><span id=\"noHighlight_0.18315363773127613\"> <\/span><span id=\"ouHighlight__3_9TO2_9\">collapse<\/span><span id=\"noHighlight_0.30501951855948245\"> <\/span><span id=\"ouHighlight__11_12TO11_12\">of<\/span><span id=\"noHighlight_0.41520561692816426\"> <\/span><span id=\"ouHighlight__33_47TO14_22\">commodity<\/span><span id=\"noHighlight_0.015714426687001348\"> <\/span><span id=\"ouHighlight__18_24TO24_29\">prices<\/span><\/span><\/div>\n<div><span style=\"font-size: 14pt;\"><span id=\"ouHighlight__0_1TO0_2\">The<\/span><span id=\"noHighlight_0.6609055201987055\"> <\/span><span id=\"ouHighlight__3_11TO4_12\">reduction<\/span><span id=\"noHighlight_0.46311156450955476\"> <\/span><span id=\"ouHighlight__13_14TO14_15\">of<\/span><span id=\"noHighlight_0.45639283833187716\"> <\/span><span id=\"ouHighlight__16_17TO17_19\">the<\/span><span id=\"noHighlight_0.7598415641672843\"> <\/span><span id=\"ouHighlight__19_25TO21_26\">demand<\/span><span id=\"noHighlight_0.19922267202402982\"> <\/span><span id=\"ouHighlight__27_28TO28_30\">for<\/span><span id=\"noHighlight_0.35972431475521105\"> <\/span><span id=\"ouHighlight__43_48TO32_34\">raw<\/span><span id=\"noHighlight_0.9520948966624281\"> <\/span><span id=\"ouHighlight__34_41TO36_44\">materials<\/span><span id=\"noHighlight_0.4492362511695613\"> <\/span><span id=\"ouHighlight__50_51TO46_47\">in<\/span><span id=\"noHighlight_0.23576290622414325\"> <\/span><span id=\"ouHighlight__53_57TO49_53\">China<\/span><span id=\"noHighlight_0.05593067792191947\"> <\/span><span id=\"ouHighlight__59_60TO55_57\">has<\/span><span id=\"noHighlight_0.9494292148820296\"> <\/span><span id=\"ouHighlight__62_69TO59_68\">influenced<\/span><span id=\"noHighlight_0.111474416511532\"> <\/span><span id=\"ouHighlight__74_75TO70_72\">the<\/span><span id=\"noHighlight_0.3067012494360662\"> <\/span><span id=\"ouHighlight__77_83TO74_79\">market<\/span><span id=\"noHighlight_0.8265919335077971\"> <\/span><span id=\"ouHighlight__85_86TO81_82\">of<\/span><span id=\"noHighlight_0.5989038058863046\"> <\/span><span id=\"ouHighlight__88_92TO84_88\">these<\/span><span id=\"noHighlight_0.31539443770359077\"> <\/span><span id=\"ouHighlight__94_102TO90_97\">products<\/span><span id=\"noHighlight_0.6628867155352296\"> <\/span><span id=\"ouHighlight__106_118TO99_107\">worldwide<\/span><span id=\"noHighlight_0.5428664770699616\">.<\/span><span id=\"noHighlight_0.15748993402351907\"> <\/span><span id=\"ouHighlight__121_122TO110_112\">The<\/span><span id=\"noHighlight_0.6884516863720296\"> <\/span><span id=\"ouHighlight__124_129TO114_118\">price<\/span><span id=\"noHighlight_0.8378239819187663\"> <\/span><span id=\"ouHighlight__131_132TO120_121\">of<\/span><span id=\"noHighlight_0.5310730165714742\"> <\/span><span id=\"ouHighlight__134_135TO123_124\">22<\/span><span id=\"noHighlight_0.5464038771445232\"> <\/span><span id=\"ouHighlight__137_151TO126_136\">commodities<\/span><span id=\"noHighlight_0.5925186621013692\"> <\/span><span id=\"ouHighlight__153_156TO138_141\">fell<\/span><span id=\"noHighlight_0.34247958626713276\"> <\/span><span id=\"ouHighlight__158_158TO143_144\">to<\/span><span id=\"noHighlight_0.418523583328718\"> <\/span><span id=\"ouHighlight__160_166TO146_151\">levels<\/span><span id=\"noHighlight_0.1837995519230209\"> <\/span><span id=\"ouHighlight__179_184TO153_156\">last<\/span><span id=\"noHighlight_0.4373050337939874\"> <\/span><span id=\"ouHighlight__168_173TO158_161\">seen<\/span><span id=\"noHighlight_0.6173139590309591\"> at the <\/span><span id=\"ouHighlight__190_204TO170_178\">beginning<\/span><span id=\"noHighlight_0.48662083485763213\"> of <\/span><span id=\"ouHighlight__206_209TO183_186\">this<\/span><span id=\"noHighlight_0.67638704742218\"> <\/span><span id=\"ouHighlight__211_215TO188_194\">century<\/span><span id=\"noHighlight_0.031086482386357084\">.<\/span><span id=\"noHighlight_0.4119803016780225\"> <\/span><span id=\"ouHighlight__218_219TO197_199\">The<\/span><span id=\"noHighlight_0.7556151473656577\"> <\/span><span id=\"ouHighlight__221_226TO201_205\">price<\/span><span id=\"noHighlight_0.38465577534825446\"> <\/span><span id=\"ouHighlight__228_230TO207_208\">of<\/span><span id=\"noHighlight_0.08815739855877791\"> <\/span><span id=\"ouHighlight__241_244TO210_214\">oil &#8211;<\/span><span id=\"noHighlight_0.8344196997972584\"> <\/span><span id=\"ouHighlight__246_247TO216_220\">which<\/span><span id=\"noHighlight_0.010768937395539857\"> <\/span><span id=\"ouHighlight__249_250TO222_223\">is<\/span><span id=\"noHighlight_0.838295599125271\"> <\/span><span id=\"ouHighlight__252_260TO225_227\">the<\/span><span id=\"noHighlight_0.5133994919528216\"> <\/span><span id=\"ouHighlight__262_264TO229_237\">barometer<\/span><span id=\"noHighlight_0.4136215311959973\"> <\/span><span id=\"ouHighlight__266_274TO239_246\">clearest<\/span><span id=\"noHighlight_0.24627705488348217\"> <\/span><span id=\"ouHighlight__299_301TO248_253\">global<\/span><span id=\"noHighlight_0.4715726828704435\"> <\/span><span id=\"ouHighlight__296_297TO255_260\">growth<\/span><span id=\"noHighlight_0.3665846050423987\"> <\/span><span id=\"ouHighlight__303_307TO262_266\">since<\/span><span id=\"noHighlight_0.6541069271666166\"> <\/span><span id=\"ouHighlight__309_319TO268_272\">it is<\/span><span id=\"noHighlight_0.5511437285079423\"> <\/span><span id=\"ouHighlight__321_323TO274_276\">the<\/span><span id=\"noHighlight_0.17283146109696173\"> <\/span><span id=\"ouHighlight__325_329TO278_281\">fuel<\/span><span id=\"noHighlight_0.47250668728328326\"> <\/span><span id=\"ouHighlight__331_334TO283_286\">that<\/span><span id=\"noHighlight_0.7252321559475384\"> <\/span><span id=\"ouHighlight__336_340TO288_293\">drives<\/span><span id=\"noHighlight_0.2903180088946595\"> <\/span><span id=\"ouHighlight__342_344TO295_300\">almost<\/span><span id=\"noHighlight_0.6979577533885816\"> <\/span><span id=\"ouHighlight__346_353TO302_304\">all<\/span><span id=\"noHighlight_0.4877645860619286\"> <\/span><span id=\"ouHighlight__370_371TO306_315\">industrial<\/span><span id=\"noHighlight_0.12469807519181414\"> <\/span><span id=\"ouHighlight__368_368TO317_323\">sectors<\/span><span id=\"noHighlight_0.5447412738338592\"> <\/span><span id=\"ouHighlight__373_382TO325_327\">and<\/span><span id=\"noHighlight_0.08455240116664259\"> <\/span><span id=\"ouHighlight__387_390TO329_338\">production<\/span><span id=\"noHighlight_0.8609935734402885\"> <\/span><span id=\"ouHighlight__395_400TO340_349\">around the<\/span><span id=\"noHighlight_0.3831904999263557\"> <\/span><span id=\"ouHighlight__402_403TO351_355\">world<\/span><span id=\"ouHighlight__405_412TO356_356\">&#8211;<\/span><span id=\"ouHighlight__414_414TO357_359\">has<\/span><span id=\"noHighlight_0.16556201294770995\"> <\/span><span id=\"ouHighlight__416_419TO361_365\">begun<\/span><span id=\"noHighlight_0.8217287386153205\"> <\/span><span id=\"ouHighlight__421_424TO367_368\">to<\/span><span id=\"noHighlight_0.5305704469844965\"> <\/span><span id=\"ouHighlight__426_428TO370_373\">fall<\/span><span id=\"noHighlight_0.1358657876901369\"> <\/span><span id=\"ouHighlight__430_436TO375_379\">again<\/span><span id=\"noHighlight_0.47062445449328083\"> <\/span><span id=\"ouHighlight__438_442TO381_385\">after<\/span><span id=\"noHighlight_0.6798612334845879\"> <\/span><span id=\"ouHighlight__444_450TO387_387\">a<\/span><span id=\"noHighlight_0.39229325561538275\"> <\/span><span id=\"ouHighlight__452_452TO389_393\">brief<\/span><span id=\"noHighlight_0.17643467806542712\"> <\/span><span id=\"ouHighlight__454_463TO395_402\">recovery<\/span><span id=\"noHighlight_0.5654393792565531\"> <\/span><span id=\"ouHighlight__465_471TO404_410\">earlier<\/span><span id=\"noHighlight_0.7852768203582984\"> this year. <\/span><span id=\"ouHighlight__487_492TO423_426\">Iron<\/span><span id=\"noHighlight_0.5392635857853474\"> <\/span><span id=\"ouHighlight__476_482TO428_430\">ore<\/span><span id=\"noHighlight_0.43088668390930057\"> <\/span><span id=\"ouHighlight__494_495TO432_433\">is<\/span><span id=\"noHighlight_0.5061968438708488\"> <\/span><span id=\"ouHighlight__497_499TO435_436\">an<\/span><span id=\"noHighlight_0.7367944116268434\"> <\/span><span id=\"ouHighlight__515_522TO438_446\">essential<\/span><span id=\"noHighlight_0.02717569237499523\"> <\/span><span id=\"ouHighlight__501_513TO448_450\">raw<\/span><span id=\"noHighlight_0.14043634139290434\"> material <\/span><span id=\"ouHighlight__531_538TO461_466\">needed<\/span><span id=\"noHighlight_0.03898239499745143\"> <\/span><span id=\"ouHighlight__540_543TO468_469\">to<\/span><span id=\"noHighlight_0.3041821451160815\"> <\/span><span id=\"ouHighlight__545_553TO471_474\">feed<\/span><span id=\"noHighlight_0.45044324306642647\"> <\/span><span id=\"ouHighlight__580_584TO476_482\">China&#8217;s<\/span><span id=\"noHighlight_0.9270616238818439\"> <\/span><span id=\"ouHighlight__571_575TO484_488\">steel<\/span><span id=\"noHighlight_0.4472094002361812\"> <\/span><span id=\"ouHighlight__559_566TO490_494\">mills<\/span><span id=\"noHighlight_0.5230160971955471\"> <\/span><span id=\"ouHighlight__586_586TO496_498\">and<\/span><span id=\"noHighlight_0.928071504172433\"> <\/span><span id=\"ouHighlight__588_591TO500_501\">as<\/span><span id=\"noHighlight_0.8300440268093951\"> <\/span><span id=\"ouHighlight__593_595TO503_506\">such<\/span><span id=\"noHighlight_0.11838225873789282\"> <\/span><span id=\"ouHighlight__597_598TO508_509\">is<\/span><span id=\"noHighlight_0.8060880464373742\"> <\/span><span id=\"ouHighlight__600_601TO511_511\">a<\/span><span id=\"noHighlight_0.19290854498516252\"> <\/span><span id=\"ouHighlight__603_606TO513_516\">good<\/span><span id=\"noHighlight_0.8482087229150172\"> <\/span><span id=\"ouHighlight__608_616TO518_526\">indicator<\/span><span id=\"noHighlight_0.8016564428101871\"> <\/span><span id=\"ouHighlight__618_620TO528_529\">of<\/span><span id=\"noHighlight_0.028424145679821988\"> <\/span><span id=\"ouHighlight__622_626TO531_533\">the<\/span><span id=\"noHighlight_0.3538864568863422\"> <\/span><span id=\"ouHighlight__628_629TO535_538\">pace<\/span><span id=\"noHighlight_0.00010240284316670456\"> <\/span><span id=\"ouHighlight__631_632TO540_541\">of<\/span><span id=\"noHighlight_0.16926304400762382\"> <\/span><span id=\"ouHighlight__634_645TO543_545\">the<\/span><span id=\"noHighlight_0.4111402822559607\"> <\/span><span id=\"ouHighlight__646_646TO547_558\">construction<\/span><span id=\"noHighlight_0.5580894838853898\">. <\/span><span id=\"ouHighlight__648_649TO561_563\">Its<\/span><span id=\"noHighlight_0.4231353739764199\"> <\/span><span id=\"ouHighlight__651_656TO565_569\">price<\/span><span id=\"noHighlight_0.21771694116509754\"> <\/span><span id=\"ouHighlight__658_659TO571_573\">has<\/span><span id=\"noHighlight_0.428774065774834\"> <\/span><span id=\"ouHighlight__661_665TO575_580\">fallen<\/span><span id=\"noHighlight_0.21796290592141265\"> <\/span><span id=\"ouHighlight__667_667TO582_583\">to<\/span><span id=\"noHighlight_0.5727536300966505\"> <\/span><span id=\"ouHighlight__669_670TO585_586\">56<\/span><span id=\"noHighlight_0.2488294100095948\"> <\/span><span id=\"ouHighlight__672_678TO588_594\">dollars<\/span><span id=\"noHighlight_0.8953973555061643\"> <\/span><span id=\"ouHighlight__680_682TO596_598\">per<\/span><span id=\"noHighlight_0.6887029629100227\"> <\/span><span id=\"ouHighlight__684_691TO600_604\">tonne<\/span><span id=\"noHighlight_0.15399553859828335\">,<\/span><span id=\"noHighlight_0.6558974924352985\"> <\/span><span id=\"ouHighlight__694_705TO607_611\">while<\/span><span id=\"noHighlight_0.8467273529459613\"> <\/span><span id=\"ouHighlight__707_708TO613_614\">in<\/span><span id=\"noHighlight_0.28184452552265326\"> <\/span><span id=\"ouHighlight__710_714TO616_622\">January<\/span><span id=\"noHighlight_0.02032710911434249\"> <\/span><span id=\"ouHighlight__719_722TO624_627\">2014<\/span><span id=\"noHighlight_0.5070439468661922\">, <\/span><span id=\"ouHighlight__724_730TO630_636\">it cost<\/span><span id=\"noHighlight_0.8286183756164467\"> <\/span><span id=\"ouHighlight__732_734TO638_641\">$140<\/span><span id=\"noHighlight_0.28329016684819746\">.<\/span><\/span><\/div>\n<div><span style=\"font-size: 14pt;\"><span id=\"ouHighlight__0_1TO0_0\">3<\/span><span id=\"noHighlight_0.8642915829368831\">. <\/span><span id=\"ouHighlight__10_19TO3_8\">credit<\/span><span id=\"noHighlight_0.3394554592002521\"> <\/span><span id=\"ouHighlight__3_8TO10_15\">crisis<\/span><span id=\"noHighlight_0.7758028977073494\"> <\/span><span id=\"ouHighlight__21_22TO17_18\">in<\/span><span id=\"noHighlight_0.3901300673051757\"> <\/span><span id=\"ouHighlight__24_25TO20_22\">the<\/span><span id=\"noHighlight_0.9406649371843236\"> <\/span><span id=\"ouHighlight__27_32TO24_29\">sector<\/span><span id=\"noHighlight_0.6682018581795797\"> <\/span><span id=\"ouHighlight__34_35TO31_32\">of<\/span><span id=\"noHighlight_0.3625806328284108\"> <\/span><span id=\"ouHighlight__37_44TO34_42\">resources<\/span><\/span><\/div>\n<div><span style=\"font-size: 14pt;\"><span id=\"ouHighlight__0_4TO0_7\">Billions<\/span><span id=\"noHighlight_0.647869574394247\"> <\/span><span id=\"ouHighlight__18_19TO9_10\">of<\/span><span id=\"noHighlight_0.8260558600084259\"> <\/span><span id=\"ouHighlight__21_27TO12_18\">dollars<\/span><span id=\"noHighlight_0.14774303815971207\"> <\/span><span id=\"ouHighlight__29_30TO20_21\">in<\/span><span id=\"noHighlight_0.5998739630938954\"> <\/span><span id=\"ouHighlight__32_40TO23_27\">loans<\/span><span id=\"noHighlight_0.8557424269621301\"> <\/span><span id=\"ouHighlight__42_47TO29_32\">were<\/span><span id=\"noHighlight_0.48161710022706216\"> <\/span><span id=\"ouHighlight__49_58TO34_41\">invested<\/span><span id=\"noHighlight_0.641131476853704\"> <\/span><span id=\"ouHighlight__60_61TO43_44\">in<\/span><span id=\"noHighlight_0.06654558931709214\"> <\/span><span id=\"ouHighlight__76_84TO46_51\">global<\/span><span id=\"noHighlight_0.6154289969637232\"> <\/span><span id=\"ouHighlight__67_74TO53_59\">markets<\/span><span id=\"noHighlight_0.8442119283982772\"> <\/span><span id=\"ouHighlight__86_89TO61_62\">to<\/span><span id=\"noHighlight_0.4934951056494528\"> <\/span><span id=\"ouHighlight__91_99TO64_70\">finance<\/span><span id=\"noHighlight_0.2023616555014653\"> <\/span><span id=\"ouHighlight__101_106TO72_74\">new<\/span><span id=\"noHighlight_0.43291205295437546\"> <\/span><span id=\"ouHighlight__108_112TO76_80\">mines<\/span><span id=\"noHighlight_0.929444606805837\"> <\/span><span id=\"ouHighlight__114_114TO82_84\">and<\/span><span id=\"noHighlight_0.2634925603198405\"> <\/span><span id=\"ouHighlight__134_141TO86_88\">oil<\/span><span id=\"noHighlight_0.7508089823062745\"> <\/span><span id=\"ouHighlight__119_129TO90_100\">exploration<\/span><span id=\"noHighlight_0.5753015885782811\">,<\/span><span id=\"noHighlight_0.6470945395584673\"> <\/span><span id=\"ouHighlight__144_147TO103_105\">but<\/span><span id=\"noHighlight_0.9611876465495823\"> <\/span><span id=\"ouHighlight__149_152TO107_110\">only<\/span><span id=\"noHighlight_0.28403359033745884\"> a <\/span><span id=\"ouHighlight__154_160TO114_116\">few<\/span><span id=\"noHighlight_0.2547756649563438\"> <\/span><span id=\"ouHighlight__162_163TO118_119\">of<\/span><span id=\"noHighlight_0.19116078095987615\"> <\/span><span id=\"ouHighlight__165_167TO121_123\">the<\/span><span id=\"noHighlight_0.20409000485163003\"> <\/span><span id=\"ouHighlight__169_179TO125_129\">sites<\/span><span id=\"noHighlight_0.23880162830069768\"> <\/span><span id=\"ouHighlight__181_190TO131_140\">turned out<\/span><span id=\"noHighlight_0.1519922266607639\"> to <\/span><span id=\"ouHighlight__192_194TO145_146\">be<\/span><span id=\"noHighlight_0.11975730159138809\"> <\/span><span id=\"ouHighlight__196_204TO148_157\">profitable<\/span><span id=\"noHighlight_0.8255969176195641\"> <\/span><span id=\"ouHighlight__206_207TO159_160\">in<\/span><span id=\"noHighlight_0.6015548469232256\"> <\/span><span id=\"ouHighlight__209_210TO162_164\">the<\/span><span id=\"noHighlight_0.7765608706106405\"> <\/span><span id=\"ouHighlight__212_219TO166_172\">context<\/span><span id=\"noHighlight_0.19984076932244732\"> <\/span><span id=\"ouHighlight__221_223TO174_175\">of<\/span><span id=\"noHighlight_0.762038821161743\"> <\/span><span id=\"ouHighlight__225_231TO177_179\">the<\/span><span id=\"noHighlight_0.07193700381077172\"> <\/span><span id=\"ouHighlight__233_234TO181_188\">collapse<\/span><span id=\"noHighlight_0.9522027186075931\"> <\/span><span id=\"ouHighlight__236_242TO190_191\">of<\/span><span id=\"noHighlight_0.5458541500412536\"> <\/span><span id=\"ouHighlight__243_243TO193_198\">prices<\/span><span id=\"noHighlight_0.22519464285685392\">. <\/span><span id=\"ouHighlight__245_261TO201_208\">\u00abNowhere<\/span><span id=\"noHighlight_0.0038937348903416713\"> <\/span><span id=\"ouHighlight__263_266TO210_213\">this<\/span><span id=\"noHighlight_0.5355157186419064\"> <\/span><span id=\"ouHighlight__268_269TO215_216\">is<\/span><span id=\"noHighlight_0.3167206724398676\"> <\/span><span id=\"ouHighlight__271_272TO218_220\">has<\/span><span id=\"noHighlight_0.8790578024564803\"> <\/span><span id=\"ouHighlight__274_279TO222_225\">been<\/span><span id=\"noHighlight_0.6744254067525066\"> <\/span><span id=\"ouHighlight__281_286TO227_230\">felt<\/span><span id=\"noHighlight_0.3298016316688478\"> <\/span><span id=\"ouHighlight__288_290TO232_235\">with<\/span><span id=\"noHighlight_0.25222501105265926\"> <\/span><span id=\"ouHighlight__292_294TO237_240\">more<\/span><span id=\"noHighlight_0.9827972352042922\"> <\/span><span id=\"ouHighlight__296_305TO242_250\">intensity<\/span><span id=\"noHighlight_0.4622987511299722\"> <\/span><span id=\"ouHighlight__307_309TO252_255\">than<\/span><span id=\"noHighlight_0.039200029261196145\"> <\/span><span id=\"ouHighlight__311_312TO257_258\">in<\/span><span id=\"noHighlight_0.6276690832627718\"> <\/span><span id=\"ouHighlight__314_315TO260_262\">the<\/span><span id=\"noHighlight_0.2362722139072263\"> <\/span><span id=\"ouHighlight__317_326TO264_273\">extraction<\/span><span id=\"noHighlight_0.33249996688290256\"> <\/span><span id=\"ouHighlight__328_329TO275_276\">of<\/span><span id=\"noHighlight_0.023413766332439745\"> <\/span><span id=\"ouHighlight__331_338TO278_280\">oil<\/span><span id=\"noHighlight_0.7847924215038614\"> <\/span><span id=\"ouHighlight__340_340TO282_284\">and<\/span><span id=\"noHighlight_0.3701235996171595\"> <\/span><span id=\"ouHighlight__342_344TO286_288\">gas<\/span><span id=\"noHighlight_0.6169379511885058\"> <\/span><span id=\"ouHighlight__346_347TO290_293\">from<\/span><span id=\"noHighlight_0.5595994827862467\"> <\/span><span id=\"ouHighlight__349_356TO295_299\">shale<\/span><span id=\"noHighlight_0.25729786414705374\"> <\/span><span id=\"ouHighlight__358_359TO301_302\">in<\/span><span id=\"noHighlight_0.3593783227811918\"> the <\/span><span id=\"ouHighlight__361_366TO308_311\">U.S.<\/span><span id=\"noHighlight_0.45788361042574843\"> <\/span><span id=\"ouHighlight__368_369TO313_315\">The<\/span><span id=\"noHighlight_0.29553547516195866\"> <\/span><span id=\"ouHighlight__371_375TO317_320\">fall<\/span><span id=\"noHighlight_0.6509254293691193\"> <\/span><span id=\"ouHighlight__377_378TO322_323\">of<\/span><span id=\"noHighlight_0.5076679192081668\"> <\/span><span id=\"ouHighlight__402_409TO325_333\">crude oil<\/span><span id=\"noHighlight_0.4378572469566259\"> <\/span><span id=\"ouHighlight__384_390TO335_340\">prices<\/span><span id=\"noHighlight_0.5869688071942769\"> <\/span><span id=\"ouHighlight__411_413TO342_349\">squeezed<\/span><span id=\"noHighlight_0.8608683338132419\"> <\/span><span id=\"ouHighlight__415_422TO351_353\">the<\/span><span id=\"noHighlight_0.548576004242975\"> <\/span><span id=\"ouHighlight__424_425TO355_362\">finances<\/span><span id=\"noHighlight_0.858152735432385\"> <\/span><span id=\"ouHighlight__427_429TO364_365\">of<\/span><span id=\"noHighlight_0.452082127757957\"> US <\/span><span id=\"ouHighlight__444_445TO370_377\">Drillers<\/span><span id=\"noHighlight_0.9134271217788281\"> <\/span><span id=\"ouHighlight__454_456TO379_381\">Two<\/span><span id=\"noHighlight_0.34129364178677546\"> <\/span><span id=\"ouHighlight__458_459TO383_384\">of<\/span><span id=\"noHighlight_0.847913816536078\"> <\/span><span id=\"ouHighlight__461_463TO386_388\">the<\/span><span id=\"noHighlight_0.9473100793610547\"> <\/span><span id=\"ouHighlight__465_471TO390_396\">biggest<\/span><span id=\"noHighlight_0.7041490673780401\"> <\/span><span id=\"ouHighlight__473_480TO398_405\">emitters<\/span><span id=\"noHighlight_0.6996756597011124\"> <\/span><span id=\"ouHighlight__482_483TO407_408\">of<\/span><span id=\"noHighlight_0.9866543397612693\"> <\/span><span id=\"ouHighlight__485_487TO410_412\">the<\/span><span id=\"noHighlight_0.8712739498692819\"> <\/span><span id=\"ouHighlight__496_501TO414_418\">&#8216;junk<\/span><span id=\"noHighlight_0.17130180973384956\"> <\/span><span id=\"ouHighlight__489_494TO420_425\">bonds&#8217;<\/span><span id=\"noHighlight_0.3869548934224738\"> <\/span><span id=\"ouHighlight__504_505TO427_428\">in<\/span><span id=\"noHighlight_0.40534082893220247\"> <\/span><span id=\"ouHighlight__507_509TO430_432\">the<\/span><span id=\"noHighlight_0.8373926334397753\"> <\/span><span id=\"ouHighlight__511_517TO434_437\">past<\/span><span id=\"noHighlight_0.9913816336436955\"> <\/span><span id=\"ouHighlight__519_523TO439_442\">five<\/span><span id=\"noHighlight_0.3327856640846967\"> <\/span><span id=\"ouHighlight__525_528TO444_448\">years<\/span><span id=\"noHighlight_0.3946324662543145\">,<\/span><span id=\"noHighlight_0.9207665186977729\"> <\/span><span id=\"ouHighlight__531_540TO451_460\">Chesapeake<\/span><span id=\"noHighlight_0.7124583622290919\"> <\/span><span id=\"ouHighlight__542_542TO462_464\">and<\/span><span id=\"noHighlight_0.6849515400736975\"> <\/span><span id=\"ouHighlight__544_553TO466_475\">California<\/span><span id=\"noHighlight_0.3935997923910744\"> <\/span><span id=\"ouHighlight__555_563TO477_485\">Resources<\/span><span id=\"noHighlight_0.2812206768151652\">,<\/span><span id=\"noHighlight_0.3515105062865363\"> <\/span><span id=\"ouHighlight__566_571TO488_493\">looked<\/span><span id=\"noHighlight_0.39498669440823075\"> <\/span><span id=\"ouHighlight__573_576TO495_498\">down<\/span><span id=\"noHighlight_0.8582204872017165\"> <\/span><span id=\"ouHighlight__578_579TO500_502\">the<\/span><span id=\"noHighlight_0.3919320567412544\"> <\/span><span id=\"ouHighlight__581_585TO504_508\">value<\/span><span id=\"noHighlight_0.8735057448197763\"> <\/span><span id=\"ouHighlight__587_588TO510_511\">of<\/span><span id=\"noHighlight_0.6551242840995013\"> <\/span><span id=\"ouHighlight__590_592TO513_517\">their<\/span><span id=\"noHighlight_0.9161766955017035\"> <\/span><span id=\"ouHighlight__594_600TO519_524\">titles<\/span><span id=\"noHighlight_0.76185494689887\"> <\/span><span id=\"ouHighlight__602_607TO526_529\">when<\/span><span id=\"noHighlight_0.6428333799980854\"> <\/span><span id=\"ouHighlight__627_635TO531_537\">capital<\/span><span id=\"noHighlight_0.6533990628775396\"> <\/span><span id=\"ouHighlight__611_622TO539_545\">markets<\/span><span id=\"noHighlight_0.9029552230584004\"> <\/span><span id=\"ouHighlight__641_645TO547_553\">entered<\/span><span id=\"noHighlight_0.33019796640562454\"> <\/span><span id=\"ouHighlight__637_639TO555_558\">them<\/span><span id=\"noHighlight_0.8917971473520241\"> <\/span><span id=\"ouHighlight__650_657TO560_566\">panic\u00bb,<\/span><span id=\"noHighlight_0.7943958714093492\"> <\/span><span id=\"ouHighlight__659_665TO568_573\">writes<\/span><span id=\"noHighlight_0.8439783281132345\"> <\/span><span id=\"ouHighlight__667_668TO575_577\">the<\/span><span id=\"noHighlight_0.032494572531477583\"> <\/span><span id=\"ouHighlight__670_675TO579_587\">newspaper<\/span><span id=\"noHighlight_0.48622807234073806\">.<\/span><\/span><\/div>\n<div><span style=\"font-size: 14pt;\"><span id=\"ouHighlight__0_1TO0_0\">4<\/span><span id=\"noHighlight_0.39034866204929524\"> <\/span><span id=\"ouHighlight__10_15TO2_7\">domino<\/span><span id=\"noHighlight_0.7848788564740396\"> <\/span><span id=\"ouHighlight__3_8TO9_14\">effect<\/span><\/span><\/div>\n<div><span style=\"font-size: 14pt;\"><span id=\"ouHighlight__0_2TO0_2\">The<\/span><span id=\"noHighlight_0.5555616312908611\"> <\/span><span id=\"ouHighlight__4_10TO4_8\">great<\/span><span id=\"noHighlight_0.8272850911396957\"> <\/span><span id=\"ouHighlight__12_18TO10_16\">pillars<\/span><span id=\"noHighlight_0.8325027497361853\"> <\/span><span id=\"ouHighlight__20_21TO18_19\">of<\/span><span id=\"noHighlight_0.8763285266616922\"> <\/span><span id=\"ouHighlight__23_24TO21_23\">the<\/span><span id=\"noHighlight_0.14961296914034772\"> <\/span><span id=\"ouHighlight__35_41TO25_30\">global<\/span><span id=\"noHighlight_0.11737209262931375\"> <\/span><span id=\"ouHighlight__26_33TO32_38\">economy<\/span><span id=\"noHighlight_0.8379056931126225\"> <\/span><span id=\"ouHighlight__43_47TO40_42\">are<\/span><span id=\"noHighlight_0.6566640982321296\"> <\/span><span id=\"ouHighlight__49_57TO44_52\">beginning<\/span><span id=\"noHighlight_0.5319653868229126\"> <\/span><span id=\"ouHighlight__59_59TO54_55\">to<\/span><span id=\"noHighlight_0.3530452688842031\"> <\/span><span id=\"ouHighlight__61_64TO57_60\">fall<\/span><span id=\"noHighlight_0.21295337250288376\">.<\/span><span id=\"noHighlight_0.8561471651704092\"> <\/span><span id=\"ouHighlight__67_78TO63_67\">While<\/span><span id=\"noHighlight_0.9196848007735217\"> <\/span><span id=\"ouHighlight__80_84TO69_73\">China<\/span><span id=\"noHighlight_0.397997286108186\"> <\/span><span id=\"ouHighlight__86_90TO75_81\">suffers<\/span><span id=\"noHighlight_0.3818835629737332\"> <\/span><span id=\"ouHighlight__92_94TO83_84\">an<\/span><span id=\"noHighlight_0.032546028821544004\"> <\/span><span id=\"ouHighlight__111_119TO86_93\">economic<\/span><span id=\"noHighlight_0.9593338166731951\"> <\/span><span id=\"ouHighlight__96_109TO95_102\">slowdown<\/span><span id=\"noHighlight_0.43352863001034586\"> <\/span><span id=\"ouHighlight__121_121TO104_106\">and<\/span><span id=\"noHighlight_0.6371363398999328\"> <\/span><span id=\"ouHighlight__123_128TO108_109\">US<\/span><span id=\"noHighlight_0.05535337885974484\"> <\/span><span id=\"ouHighlight__130_140TO111_120\">experience<\/span><span id=\"noHighlight_0.08005868219264545\"> <\/span><span id=\"ouHighlight__142_144TO122_122\">a<\/span><span id=\"noHighlight_0.12284450094388915\"> <\/span><span id=\"ouHighlight__156_163TO124_130\">similar<\/span><span id=\"noHighlight_0.6780798321824475\"> <\/span><span id=\"ouHighlight__146_154TO132_140\">situation<\/span><span id=\"noHighlight_0.9977638457158453\"> <\/span><span id=\"ouHighlight__165_165TO142_143\">to<\/span><span id=\"noHighlight_0.3013357289578035\"> <\/span><span id=\"ouHighlight__167_168TO145_147\">the<\/span><span id=\"noHighlight_0.44281787202108397\"> <\/span><span id=\"ouHighlight__170_177TO149_156\">previous<\/span><span id=\"noHighlight_0.9470623407185053\"> <\/span><span id=\"ouHighlight__179_179TO158_159\">to<\/span><span id=\"noHighlight_0.902676022967524\"> <\/span><span id=\"ouHighlight__181_182TO161_163\">the<\/span><span id=\"noHighlight_0.3157202782082658\"> <\/span><span id=\"ouHighlight__184_187TO165_169\">great<\/span><span id=\"noHighlight_0.3973605709079235\"> <\/span><span id=\"ouHighlight__189_197TO171_180\">depression<\/span><span id=\"noHighlight_0.4508090885400333\">,<\/span><span id=\"noHighlight_0.9928176322212828\"> <\/span><span id=\"ouHighlight__213_222TO183_190\">emerging<\/span><span id=\"noHighlight_0.16010517567859106\"> <\/span><span id=\"ouHighlight__204_211TO192_198\">markets<\/span><span id=\"noHighlight_0.10877073595358866\"> <\/span><span id=\"ouHighlight__227_231TO200_202\">are<\/span><span id=\"noHighlight_0.8889718709286021\"> <\/span><span id=\"ouHighlight__233_243TO204_213\">paralyzing<\/span><span id=\"noHighlight_0.44294452160853753\">.<\/span><span id=\"noHighlight_0.813409901810841\"> <\/span><span id=\"ouHighlight__257_265TO216_222\">Central<\/span><span id=\"noHighlight_0.8469017342945264\"> <\/span><span id=\"ouHighlight__246_255TO224_228\">banks<\/span><span id=\"noHighlight_0.07667831411149334\"> <\/span><span id=\"ouHighlight__267_271TO230_232\">are<\/span><span id=\"noHighlight_0.6611653333325207\"> <\/span><span id=\"ouHighlight__283_293TO234_240\">rapidly<\/span><span id=\"noHighlight_0.6142857134436424\"> <\/span><span id=\"ouHighlight__273_281TO242_247\">losing<\/span><span id=\"noHighlight_0.40072389088469073\"> <\/span><span id=\"ouHighlight__298_304TO249_255\">control<\/span><span id=\"noHighlight_0.8442168481411094\">.<\/span><span id=\"noHighlight_0.13679534644711083\"> <\/span><span id=\"ouHighlight__307_318TO258_264\">Markets<\/span><span id=\"noHighlight_0.47933588839175495\"> <\/span><span id=\"ouHighlight__331_332TO266_267\">in<\/span><span id=\"noHighlight_0.8228273923880259\"> <\/span><span id=\"ouHighlight__334_339TO269_274\">Greece<\/span><span id=\"noHighlight_0.8245323035378884\"> <\/span><span id=\"ouHighlight__341_345TO276_278\">are<\/span><span id=\"noHighlight_0.30374492255173274\"> <\/span><span id=\"ouHighlight__347_348TO280_281\">in<\/span><span id=\"noHighlight_0.5205144741560953\"> <\/span><span id=\"ouHighlight__350_355TO283_288\">crisis<\/span><span id=\"noHighlight_0.984640695486084\"> <\/span><span id=\"ouHighlight__357_362TO290_294\">since<\/span><span id=\"noHighlight_0.7979963996246054\"> <\/span><span id=\"ouHighlight__364_365TO296_298\">the<\/span><span id=\"noHighlight_0.5412988355953299\"> <\/span><span id=\"ouHighlight__367_374TO300_306\">economy<\/span><span id=\"noHighlight_0.8097810029107242\"> ground to a <\/span><span id=\"ouHighlight__379_386TO320_323\">halt<\/span><span id=\"noHighlight_0.56861593547812\"> <\/span><span id=\"ouHighlight__388_388TO325_327\">and<\/span><span id=\"noHighlight_0.5539561801597421\"> <\/span><span id=\"ouHighlight__390_391TO329_331\">the<\/span><span id=\"noHighlight_0.38824507079335807\"> <\/span><span id=\"ouHighlight__393_396TO333_339\">country<\/span><span id=\"noHighlight_0.7197524567028068\"> <\/span><span id=\"ouHighlight__398_405TO341_347\">flirted<\/span><span id=\"noHighlight_0.09335900761238314\"> <\/span><span id=\"ouHighlight__407_409TO349_352\">with<\/span><span id=\"noHighlight_0.5498527119707892\"> <\/span><span id=\"ouHighlight__411_412TO354_356\">the<\/span><span id=\"noHighlight_0.2816627495657489\"> <\/span><span id=\"ouHighlight__414_419TO358_366\">departure<\/span><span id=\"noHighlight_0.4810081913895796\"> <\/span><span id=\"ouHighlight__421_422TO368_369\">of<\/span><span id=\"noHighlight_0.31865864069943933\"> <\/span><span id=\"ouHighlight__424_425TO371_373\">the<\/span><span id=\"noHighlight_0.001241297582780465\"> <\/span><span id=\"ouHighlight__427_434TO375_382\">eurozone<\/span><span id=\"noHighlight_0.6482805698483391\">.<\/span><\/span><\/div>\n<div><span style=\"font-size: 14pt;\"><span id=\"ouHighlight__0_1TO0_0\">5<\/span><span id=\"noHighlight_0.974871878216334\"> <\/span><span id=\"ouHighlight__3_9TO2_7\">stress<\/span><span id=\"noHighlight_0.5523881768256224\"> <\/span><span id=\"ouHighlight__11_12TO9_10\">in<\/span><span id=\"noHighlight_0.031720875784545355\"> <\/span><span id=\"ouHighlight__30_36TO12_17\">credit<\/span><span id=\"noHighlight_0.5576288541512822\"> <\/span><span id=\"ouHighlight__14_25TO19_25\">markets<\/span><\/span><\/div>\n<div><span style=\"font-size: 14pt;\"><span id=\"ouHighlight__0_7TO0_4\">Since<\/span><span id=\"noHighlight_0.15652302927598532\"> <\/span><span id=\"ouHighlight__9_11TO6_8\">the<\/span><span id=\"noHighlight_0.16861331583850447\"> <\/span><span id=\"ouHighlight__20_28TO10_16\">central<\/span><span id=\"noHighlight_0.9009054070749379\"> <\/span><span id=\"ouHighlight__13_18TO18_22\">banks<\/span><span id=\"noHighlight_0.7255815279026088\"> <\/span><span id=\"ouHighlight__30_32TO24_27\">have<\/span><span id=\"noHighlight_0.01254094457788596\"> <\/span><span id=\"ouHighlight__34_40TO29_32\">lost<\/span><span id=\"noHighlight_0.264183167622385\"> <\/span><span id=\"ouHighlight__45_51TO34_40\">control<\/span><span id=\"noHighlight_0.5954905769503006\"> <\/span><span id=\"ouHighlight__53_54TO42_43\">of<\/span><span id=\"noHighlight_0.42651652781068466\"> <\/span><span id=\"ouHighlight__56_57TO45_47\">the<\/span><span id=\"noHighlight_0.9089185314100105\"> <\/span><span id=\"ouHighlight__59_67TO49_57\">situation<\/span><span id=\"noHighlight_0.03344031804654385\">,<\/span><span id=\"noHighlight_0.537598213880562\"> <\/span><span id=\"ouHighlight__70_72TO60_62\">the<\/span><span id=\"noHighlight_0.6448989304503448\"> <\/span><span id=\"ouHighlight__86_92TO64_69\">credit<\/span><span id=\"noHighlight_0.680210237613156\"> <\/span><span id=\"ouHighlight__74_81TO71_77\">markets<\/span><span id=\"noHighlight_0.1300626024059897\"> <\/span><span id=\"ouHighlight__94_98TO79_81\">are<\/span><span id=\"noHighlight_0.4380279771656483\"> <\/span><span id=\"ouHighlight__109_124TO83_93\">desperately<\/span><span id=\"noHighlight_0.8637586358310443\"> <\/span><span id=\"ouHighlight__100_107TO95_100\">trying<\/span><span id=\"noHighlight_0.5133229365638021\"> <\/span><span id=\"ouHighlight__126_127TO102_103\">to<\/span><span id=\"noHighlight_0.9203432719036344\"> <\/span><span id=\"ouHighlight__129_135TO105_110\">change<\/span><span id=\"noHighlight_0.9303787697841762\"> <\/span><span id=\"ouHighlight__137_138TO112_114\">the<\/span><span id=\"noHighlight_0.11306516490534712\"> <\/span><span id=\"ouHighlight__140_145TO116_120\">price<\/span><span id=\"noHighlight_0.33585382942695485\"> <\/span><span id=\"ouHighlight__147_149TO122_123\">of<\/span><span id=\"noHighlight_0.09114216641879003\"> <\/span><span id=\"ouHighlight__157_157TO125_128\">risk<\/span><span id=\"noHighlight_0.9484807866606522\">. <\/span><span id=\"ouHighlight__162_166TO131_135\">Libor<\/span><span id=\"noHighlight_0.5138747619244423\"> <\/span><span id=\"ouHighlight__168_175TO137_144\">(&#8216;London<\/span><span id=\"noHighlight_0.15546382003362252\"> <\/span><span id=\"ouHighlight__177_185TO146_154\">InterBank<\/span><span id=\"noHighlight_0.7674433002202521\"> <\/span><span id=\"ouHighlight__187_193TO156_162\">Offered<\/span><span id=\"noHighlight_0.20478080565587275\"> <\/span><span id=\"ouHighlight__195_201TO164_170\">Rate&#8217;),<\/span><span id=\"noHighlight_0.8624945675666285\"> <\/span><span id=\"ouHighlight__203_205TO172_172\">a<\/span><span id=\"noHighlight_0.04489697585143687\"> <\/span><span id=\"ouHighlight__226_231TO174_178\">daily<\/span><span id=\"noHighlight_0.27675631636280723\"> <\/span><span id=\"ouHighlight__215_224TO180_188\">reference<\/span><span id=\"noHighlight_0.5077481163063628\"> <\/span><span id=\"ouHighlight__207_210TO190_193\">rate<\/span><span id=\"noHighlight_0.20488972176174364\"> <\/span><span id=\"ouHighlight__233_234TO195_196\">in<\/span><span id=\"noHighlight_0.12448330419690373\"> <\/span><span id=\"ouHighlight__236_237TO198_200\">the<\/span><span id=\"noHighlight_0.20638843945185237\"> <\/span><span id=\"ouHighlight__247_259TO202_210\">interbank<\/span><span id=\"noHighlight_0.579220439396122\"> <\/span><span id=\"ouHighlight__239_245TO212_217\">market<\/span><span id=\"noHighlight_0.750973347706051\"> <\/span><span id=\"ouHighlight__261_266TO219_223\">based<\/span><span id=\"noHighlight_0.3324383916586758\"> <\/span><span id=\"ouHighlight__268_269TO225_226\">on<\/span><span id=\"noHighlight_0.9396527185322869\"> <\/span><span id=\"ouHighlight__271_272TO228_230\">the<\/span><span id=\"noHighlight_0.23671047538800016\"> <\/span><span id=\"ouHighlight__274_277TO232_235\">rate<\/span><span id=\"noHighlight_0.4090833635775805\"> <\/span><span id=\"ouHighlight__279_280TO237_238\">of<\/span><span id=\"noHighlight_0.9930003856339018\"> <\/span><span id=\"ouHighlight__282_288TO240_247\">interest<\/span><span id=\"noHighlight_0.42836709972360864\"> <\/span><span id=\"ouHighlight__290_290TO249_250\">at<\/span><span id=\"noHighlight_0.2910454566103414\"> <\/span><span id=\"ouHighlight__295_298TO252_256\">which<\/span><span id=\"noHighlight_0.682864077680096\"> <\/span><span id=\"ouHighlight__300_309TO258_262\">banks<\/span><span id=\"noHighlight_0.1934210807760155\"> <\/span><span id=\"ouHighlight__311_317TO264_268\">offer<\/span><span id=\"noHighlight_0.5615382673162148\"> <\/span><span id=\"ouHighlight__319_324TO270_274\">funds<\/span><span id=\"noHighlight_0.2763134920267602\"> <\/span><span id=\"ouHighlight__326_327TO276_278\">not<\/span><span id=\"noHighlight_0.6659346951762926\"> <\/span><span id=\"ouHighlight__329_338TO280_286\">secured<\/span><span id=\"noHighlight_0.7630545009394949\"> <\/span><span id=\"ouHighlight__342_346TO288_292\">other<\/span><span id=\"noHighlight_0.12391311732663113\"> <\/span><span id=\"ouHighlight__348_353TO294_298\">banks<\/span><span id=\"noHighlight_0.17694238162515652\">,<\/span><span id=\"noHighlight_0.39414087984259344\"> <\/span><span id=\"ouHighlight__356_357TO301_303\">has<\/span><span id=\"noHighlight_0.21126289185031488\"> <\/span><span id=\"ouHighlight__359_361TO305_308\">been<\/span><span id=\"noHighlight_0.0031196856212208357\"> <\/span><span id=\"ouHighlight__366_372TO310_319\">increasing<\/span><span id=\"noHighlight_0.6458375317866054\"> <\/span><span id=\"ouHighlight__374_380TO321_324\">over<\/span><span id=\"noHighlight_0.8708495884558277\"> <\/span><span id=\"ouHighlight__382_384TO326_328\">the<\/span><span id=\"noHighlight_0.3255868486602242\"> <\/span><span id=\"ouHighlight__386_392TO330_333\">past<\/span><span id=\"noHighlight_0.00040859697862843935\"> <\/span><span id=\"ouHighlight__394_395TO335_336\">12<\/span><span id=\"noHighlight_0.817857880961499\"> <\/span><span id=\"ouHighlight__397_401TO338_343\">months<\/span><span id=\"noHighlight_0.667661349692197\">.<\/span><span id=\"noHighlight_0.2576025091395124\"> <\/span><span id=\"ouHighlight__404_408TO346_349\">Part<\/span><span id=\"noHighlight_0.32754506562664276\"> <\/span><span id=\"ouHighlight__410_411TO351_352\">of<\/span><span id=\"noHighlight_0.7145097463366374\"> <\/span><span id=\"ouHighlight__413_416TO354_357\">this<\/span><span id=\"noHighlight_0.1210785078713531\"> <\/span><span id=\"ouHighlight__418_424TO359_365\">process<\/span><span id=\"noHighlight_0.8311154353113561\"> <\/span><span id=\"ouHighlight__426_427TO367_368\">is<\/span><span id=\"noHighlight_0.6311905939930082\"> <\/span><span id=\"ouHighlight__429_430TO370_370\">a<\/span><span id=\"noHighlight_0.40859038014066207\"> <\/span><span id=\"ouHighlight__432_440TO372_378\">healthy<\/span><span id=\"noHighlight_0.7950815769260062\"> <\/span><span id=\"ouHighlight__442_448TO380_385\">return<\/span><span id=\"noHighlight_0.49581764110444504\"> <\/span><span id=\"ouHighlight__450_450TO387_388\">to<\/span><span id=\"noHighlight_0.17615246427700032\"> <\/span><span id=\"ouHighlight__464_471TO390_395\">normal<\/span><span id=\"noHighlight_0.571614512207588\"> <\/span><span id=\"ouHighlight__484_490TO397_400\">risk<\/span><span id=\"noHighlight_0.06023039819858916\"> <\/span><span id=\"ouHighlight__456_462TO402_407\">prices<\/span><span id=\"noHighlight_0.8192602399744848\"> <\/span><span id=\"ouHighlight__492_498TO409_413\">after<\/span><span id=\"noHighlight_0.6401682769589254\"> <\/span><span id=\"ouHighlight__500_503TO415_417\">six<\/span><span id=\"noHighlight_0.762208506718973\"> <\/span><span id=\"ouHighlight__505_506TO419_423\">years<\/span><span id=\"noHighlight_0.35182046402059913\"> <\/span><span id=\"ouHighlight__508_509TO425_426\">of<\/span><span id=\"noHighlight_0.6609713215703148\"> <\/span><span id=\"ouHighlight__526_533TO428_440\">extraordinary<\/span><span id=\"noHighlight_0.8254319454512631\"> <\/span><span id=\"ouHighlight__544_544TO442_449\">monetary<\/span><span id=\"noHighlight_0.8302588101394777\"> <\/span><span id=\"ouHighlight__535_543TO451_458\">stimulus<\/span><span id=\"noHighlight_0.9127890252817161\">. <\/span><span id=\"ouHighlight__546_556TO461_467\">However<\/span><span id=\"noHighlight_0.2047747969812902\">,<\/span><span id=\"noHighlight_0.47585635658066366\"> <\/span><span id=\"ouHighlight__559_560TO470_474\">it is<\/span><span id=\"noHighlight_0.10945233355946132\"> <\/span><span id=\"ouHighlight__562_564TO476_480\">quite<\/span><span id=\"noHighlight_0.6014796704842663\"> <\/span><span id=\"ouHighlight__566_572TO482_489\">possible<\/span><span id=\"noHighlight_0.8388427393787392\"> <\/span><span id=\"ouHighlight__574_576TO491_494\">that<\/span><span id=\"noHighlight_0.3041072167417776\"> <\/span><span id=\"ouHighlight__582_585TO496_498\">six<\/span><span id=\"noHighlight_0.6499484864325307\"> <\/span><span id=\"ouHighlight__587_590TO500_504\">years<\/span><span id=\"noHighlight_0.6500379908075412\"> <\/span><span id=\"ouHighlight__592_593TO506_507\">of<\/span><span id=\"noHighlight_0.4677402894354546\"> <\/span><span id=\"ouHighlight__595_605TO509_518\">dependence<\/span><span id=\"noHighlight_0.278731492059373\"> <\/span><span id=\"ouHighlight__607_609TO520_521\">on<\/span><span id=\"noHighlight_0.6032738228946342\"> <\/span><span id=\"ouHighlight__611_615TO523_525\">the<\/span><span id=\"noHighlight_0.0961252669177114\"> <\/span><span id=\"ouHighlight__635_636TO527_533\">British<\/span><span id=\"noHighlight_0.216698686488423\"> <\/span><span id=\"ouHighlight__625_633TO535_541\">Central<\/span><span id=\"noHighlight_0.1992431298476549\"> <\/span><span id=\"ouHighlight__617_623TO543_546\">Bank<\/span><span id=\"ouHighlight__638_640TO547_548\">&#8216;s<\/span><span id=\"noHighlight_0.013131913270776896\"> <\/span><span id=\"ouHighlight__649_653TO550_554\">funds<\/span><span id=\"noHighlight_0.9788007185160665\"> <\/span><span id=\"ouHighlight__655_662TO556_559\">have<\/span><span id=\"noHighlight_0.6455785387600328\"> <\/span><span id=\"ouHighlight__678_679TO561_570\">negatively<\/span><span id=\"noHighlight_0.5958175016437434\"> <\/span><span id=\"ouHighlight__664_676TO572_581\">influenced<\/span><span id=\"noHighlight_0.6886727096843492\"> <\/span><span id=\"ouHighlight__681_682TO583_584\">in<\/span><span id=\"noHighlight_0.2888375648627475\"> <\/span><span id=\"ouHighlight__684_690TO586_588\">the<\/span><span id=\"noHighlight_0.528462141028226\"> <\/span><span id=\"ouHighlight__692_693TO590_595\">system<\/span><span id=\"noHighlight_0.030285367604130586\"> <\/span><span id=\"ouHighlight__695_701TO597_598\">in<\/span><span id=\"noHighlight_0.5408671049144332\"> <\/span><span id=\"ouHighlight__702_702TO600_606\">general<\/span><span id=\"noHighlight_0.09440156955921225\">.<\/span><\/span><\/div>\n<div><span style=\"font-size: 14pt;\"><span id=\"ouHighlight__0_1TO0_0\">6<\/span><span id=\"noHighlight_0.16693392252376082\"> <\/span><span id=\"ouHighlight__3_8TO2_6\">clash<\/span><span id=\"noHighlight_0.3199384413663748\"> <\/span><span id=\"ouHighlight__10_11TO8_9\">of<\/span><span id=\"noHighlight_0.3827686912464954\"> <\/span><span id=\"ouHighlight__22_28TO11_18\">interest<\/span><span id=\"noHighlight_0.3892544999018319\"> <\/span><span id=\"ouHighlight__13_17TO20_24\">rates<\/span><\/span><\/div>\n<div><span style=\"font-size: 14pt;\"><span id=\"ouHighlight__13_19TO0_7\">Interest<\/span><span id=\"noHighlight_0.0150951346464962\"> <\/span><span id=\"ouHighlight__0_8TO9_13\">rates<\/span><span id=\"noHighlight_0.18586229639013035\"> <\/span><span id=\"ouHighlight__24_26TO15_18\">have<\/span><span id=\"noHighlight_0.13908757425068363\"> <\/span><span id=\"ouHighlight__28_36TO20_27\">remained<\/span><span id=\"noHighlight_0.9184031865074169\"> <\/span><span id=\"ouHighlight__38_39TO29_30\">at<\/span><span id=\"noHighlight_0.4003172701479819\"> <\/span><span id=\"ouHighlight__41_47TO32_35\">lows<\/span><span id=\"noHighlight_0.6075458536345363\"> <\/span><span id=\"ouHighlight__49_50TO37_38\">of<\/span><span id=\"noHighlight_0.512947192284445\"> <\/span><span id=\"ouHighlight__52_61TO40_48\">emergence<\/span><span id=\"noHighlight_0.1754272114199475\"> <\/span><span id=\"ouHighlight__63_64TO50_51\">in<\/span><span id=\"noHighlight_0.3575849978968827\"> <\/span><span id=\"ouHighlight__66_67TO53_55\">the<\/span><span id=\"noHighlight_0.505385260901624\"> <\/span><span id=\"ouHighlight__69_73TO57_70\">United Kingdom<\/span><span id=\"noHighlight_0.39467826839686243\"> <\/span><span id=\"ouHighlight__81_81TO72_74\">and<\/span><span id=\"noHighlight_0.4742828449611927\"> the <\/span><span id=\"ouHighlight__83_88TO80_82\">USA<\/span><span id=\"noHighlight_0.8755850719056979\"> <\/span><span id=\"ouHighlight__90_96TO84_86\">for<\/span><span id=\"noHighlight_0.6331675394641611\"> <\/span><span id=\"ouHighlight__98_101TO88_90\">six<\/span><span id=\"noHighlight_0.46333279080674405\"> <\/span><span id=\"ouHighlight__103_106TO92_96\">years<\/span><span id=\"noHighlight_0.051183453241202825\">.<\/span><span id=\"noHighlight_0.013418496754653341\"> <\/span><span id=\"ouHighlight__109_110TO99_103\">It is<\/span><span id=\"noHighlight_0.5137408592965664\"> <\/span><span id=\"ouHighlight__112_117TO105_112\">expected<\/span><span id=\"noHighlight_0.045494750506532844\"> <\/span><span id=\"ouHighlight__119_121TO114_117\">that<\/span><span id=\"noHighlight_0.27413213267515707\"> <\/span><span id=\"ouHighlight__123_131TO119_123\">rates<\/span><span id=\"noHighlight_0.24321559917490837\"> <\/span><span id=\"ouHighlight__133_139TO125_133\">will grow<\/span><span id=\"noHighlight_0.6959088953928065\"> <\/span><span id=\"ouHighlight__147_148TO135_136\">up<\/span><span id=\"noHighlight_0.4263024618835258\"> <\/span><span id=\"ouHighlight__141_145TO138_139\">to<\/span><span id=\"noHighlight_0.704881783041439\"> <\/span><span id=\"ouHighlight__150_154TO141_145\">0.25%<\/span><span id=\"noHighlight_0.26106729141781354\"> <\/span><span id=\"ouHighlight__156_157TO147_148\">in<\/span><span id=\"noHighlight_0.07367359172347992\"> the <\/span><span id=\"ouHighlight__159_164TO154_157\">U.S.<\/span><span id=\"noHighlight_0.3188656693238786\"> <\/span><span id=\"ouHighlight__166_169TO159_160\">by<\/span><span id=\"noHighlight_0.28307310112428135\"> <\/span><span id=\"ouHighlight__171_172TO162_164\">the<\/span><span id=\"noHighlight_0.40253337787778964\"> <\/span><span id=\"ouHighlight__174_178TO166_168\">end<\/span><span id=\"noHighlight_0.4033548354043257\"> <\/span><span id=\"ouHighlight__180_182TO170_171\">of<\/span><span id=\"noHighlight_0.6757017953831852\"> <\/span><span id=\"ouHighlight__184_186TO173_175\">the<\/span><span id=\"noHighlight_0.9912239018343107\"> <\/span><span id=\"ouHighlight__187_187TO177_180\">year<\/span><span id=\"noHighlight_0.5265279590204063\">. <\/span><span id=\"ouHighlight__189_190TO183_185\">The<\/span><span id=\"noHighlight_0.04571716340291404\"> <\/span><span id=\"ouHighlight__192_197TO187_190\">rise<\/span><span id=\"noHighlight_0.143979505568606\"> <\/span><span id=\"ouHighlight__199_200TO192_193\">of<\/span><span id=\"noHighlight_0.266469239899979\"> <\/span><span id=\"ouHighlight__202_204TO195_197\">the<\/span><span id=\"noHighlight_0.9901710954205046\"> <\/span><span id=\"ouHighlight__215_221TO199_206\">interest<\/span><span id=\"noHighlight_0.1330852711059639\"> <\/span><span id=\"ouHighlight__206_210TO208_212\">rates<\/span><span id=\"noHighlight_0.1157721944878291\"> <\/span><span id=\"ouHighlight__223_224TO214_215\">in<\/span><span id=\"noHighlight_0.11342846118254307\"> <\/span><span id=\"ouHighlight__226_227TO217_219\">the<\/span><span id=\"noHighlight_0.12723478297784968\"> <\/span><span id=\"ouHighlight__229_233TO221_234\">United Kingdom<\/span><span id=\"noHighlight_0.8155314682833956\"> <\/span><span id=\"ouHighlight__241_248TO236_246\">will happen<\/span><span id=\"noHighlight_0.5051875777657662\"> <\/span><span id=\"ouHighlight__250_253TO248_254\">shortly<\/span><span id=\"noHighlight_0.3423022976166295\"> <\/span><span id=\"ouHighlight__255_261TO256_260\">after<\/span><span id=\"noHighlight_0.46410070320788127\">.<\/span><\/span><\/div>\n<div><span style=\"font-size: 14pt;\"><span id=\"ouHighlight__0_1TO0_0\">7<\/span><span id=\"noHighlight_0.5478093655527152\">. <\/span><span id=\"ouHighlight__14_21TO3_8\">upward<\/span><span id=\"noHighlight_0.9525553444186294\"> <\/span><span id=\"ouHighlight__3_12TO10_15\">trends<\/span><span id=\"noHighlight_0.8395810223390199\"> <\/span><span id=\"ouHighlight__23_24TO17_18\">in<\/span><span id=\"noHighlight_0.03454665110326094\"> <\/span><span id=\"ouHighlight__26_27TO20_22\">the<\/span><span id=\"noHighlight_0.9188466319402996\"> <\/span><span id=\"ouHighlight__29_35TO24_29\">market<\/span><\/span><\/div>\n<div><span style=\"font-size: 14pt;\"><span id=\"ouHighlight__0_1TO0_2\">The<\/span><span id=\"noHighlight_0.3333798140526819\"> <\/span><span id=\"ouHighlight__32_36TO4_17\">United Kingdom<\/span><span id=\"noHighlight_0.6239233957770103\"> <\/span><span id=\"ouHighlight__14_20TO19_23\">stock<\/span><span id=\"noHighlight_0.8551182733018572\"> <\/span><span id=\"ouHighlight__3_9TO25_30\">market<\/span><span id=\"noHighlight_0.6762450375694506\"> <\/span><span id=\"ouHighlight__50_51TO32_42\">experiences<\/span><span id=\"noHighlight_0.9105938434018659\"> <\/span><span id=\"ouHighlight__53_56TO44_46\">his<\/span><span id=\"noHighlight_0.8507626363218532\"> <\/span><span id=\"ouHighlight__58_60TO48_51\">77.\u00ba<\/span><span id=\"noHighlight_0.2011385247744285\"> <\/span><span id=\"ouHighlight__74_75TO53_63\">consecutive<\/span><span id=\"noHighlight_0.7567992137154291\"> <\/span><span id=\"ouHighlight__62_72TO65_69\">month<\/span><span id=\"noHighlight_0.7258367511298699\"> <\/span><span id=\"ouHighlight__83_85TO71_74\">rise<\/span><span id=\"noHighlight_0.2886598959620046\">,<\/span><span id=\"noHighlight_0.7504539715156818\"> <\/span><span id=\"ouHighlight__97_99TO77_77\">a<\/span><span id=\"noHighlight_0.8731217422162512\"> <\/span><span id=\"ouHighlight__101_102TO79_83\">trend<\/span><span id=\"noHighlight_0.9050907398165251\"> <\/span><span id=\"ouHighlight__104_109TO85_88\">that<\/span><span id=\"noHighlight_0.11392974172844033\"> <\/span><span id=\"ouHighlight__114_118TO90_94\">began<\/span><span id=\"noHighlight_0.39670926855651073\"> <\/span><span id=\"ouHighlight__120_121TO96_97\">in<\/span><span id=\"noHighlight_0.41549428272372296\"> <\/span><span id=\"ouHighlight__123_126TO99_103\">March<\/span><span id=\"noHighlight_0.38759458594915186\"> 2009. <\/span><span id=\"ouHighlight__132_135TO111_114\">Only<\/span><span id=\"noHighlight_0.16567024288478577\"> <\/span><span id=\"ouHighlight__137_149TO116_120\">twice<\/span><span id=\"noHighlight_0.4199478001593498\"> <\/span><span id=\"ouHighlight__151_152TO122_123\">in<\/span><span id=\"noHighlight_0.7046571989700127\"> <\/span><span id=\"ouHighlight__157_164TO125_131\">history<\/span><span id=\"noHighlight_0.4470805742937335\"> <\/span><span id=\"ouHighlight__166_167TO133_133\">a<\/span><span id=\"noHighlight_0.22967161569240774\"> <\/span><span id=\"ouHighlight__169_175TO135_140\">market<\/span><span id=\"noHighlight_0.7906250412307072\"> <\/span><span id=\"ouHighlight__177_178TO142_144\">has<\/span><span id=\"noHighlight_0.37470623424539245\"> <\/span><span id=\"ouHighlight__180_188TO146_155\">maintained<\/span><span id=\"noHighlight_0.7989575162550404\"> <\/span><span id=\"ouHighlight__193_203TO157_162\">growth<\/span><span id=\"noHighlight_0.8686362325871082\"> <\/span><span id=\"ouHighlight__205_211TO164_166\">for<\/span><span id=\"noHighlight_0.39344541050883774\"> <\/span><span id=\"ouHighlight__213_222TO168_173\">longer<\/span><span id=\"noHighlight_0.08600721686654389\">:<\/span><span id=\"noHighlight_0.20557971664155467\"> <\/span><span id=\"ouHighlight__225_226TO176_177\">in<\/span><span id=\"noHighlight_0.6515237137031775\"> <\/span><span id=\"ouHighlight__228_229TO179_181\">the<\/span><span id=\"noHighlight_0.9195885958755419\"> <\/span><span id=\"ouHighlight__231_244TO183_188\">run-up<\/span><span id=\"noHighlight_0.4956496408820149\"> <\/span><span id=\"ouHighlight__246_247TO190_191\">to<\/span><span id=\"noHighlight_0.42240592708046925\"> <\/span><span id=\"ouHighlight__249_253TO193_195\">the<\/span><span id=\"noHighlight_0.8545614664911724\"> <\/span><span id=\"ouHighlight__255_257TO197_201\">crack<\/span><span id=\"noHighlight_0.7471798117859392\"> <\/span><span id=\"ouHighlight__259_260TO203_204\">of<\/span><span id=\"noHighlight_0.8983112421937474\"> <\/span><span id=\"ouHighlight__262_263TO206_208\">the<\/span><span id=\"noHighlight_0.7897661472816889\"> <\/span><span id=\"ouHighlight__265_270TO210_211\">29<\/span><span id=\"noHighlight_0.7074373603249896\"> <\/span><span id=\"ouHighlight__272_272TO213_214\">in<\/span><span id=\"noHighlight_0.7323979298595271\"> the <\/span><span id=\"ouHighlight__274_278TO220_232\">United States<\/span><span id=\"noHighlight_0.7170076928016803\"> <\/span><span id=\"ouHighlight__280_282TO234_236\">and<\/span><span 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id=\"noHighlight_0.8583313690333946\"> <\/span><span id=\"ouHighlight__331_333TO289_297\">companies<\/span><span id=\"noHighlight_0.5167242349212332\"> in early 2000.<\/span><\/span><\/div>\n<div><span style=\"font-size: 14pt;\"><span id=\"ouHighlight__0_1TO0_0\">8<\/span><span id=\"noHighlight_0.9255690307772388\">. <\/span><span id=\"ouHighlight__3_4TO3_5\">the<\/span><span id=\"noHighlight_0.3469574708653757\"> <\/span><span id=\"ouHighlight__6_12TO7_12\">market<\/span><span id=\"noHighlight_0.35703032536600126\"> <\/span><span id=\"ouHighlight__14_25TO14_23\">overvalued<\/span><span id=\"noHighlight_0.938417404314966\"> <\/span><span id=\"ouHighlight__27_28TO25_26\">in<\/span><span id=\"noHighlight_0.6860952613127494\"> <\/span><span id=\"ouHighlight__30_35TO28_30\">USA<\/span><\/span><\/div>\n<div><span style=\"font-size: 14pt;\"><span id=\"ouHighlight__0_1TO0_1\">In<\/span><span id=\"noHighlight_0.3751489710425048\"> the <\/span><span id=\"ouHighlight__3_8TO7_10\">U.S.<\/span><span id=\"noHighlight_0.07535085332712171\">,<\/span><span id=\"noHighlight_0.47836626893649364\"> <\/span><span id=\"ouHighlight__11_12TO13_15\">the<\/span><span id=\"noHighlight_0.15394625709920678\"> <\/span><span id=\"ouHighlight__40_51TO17_26\">cyclically<\/span><span id=\"noHighlight_0.9869285799367851\"> <\/span><span id=\"ouHighlight__53_60TO28_35\">adjusted<\/span><span id=\"noHighlight_0.15533355930376402\"> <\/span><span id=\"ouHighlight__23_38TO37_50\">price\/earnings<\/span><span id=\"noHighlight_0.518282550649461\"> <\/span><span id=\"ouHighlight__14_21TO52_56\">ratio<\/span><span id=\"noHighlight_0.8391139323395718\"> <\/span><span id=\"ouHighlight__62_64TO58_59\">of<\/span><span id=\"noHighlight_0.6199627384877779\"> <\/span><span id=\"ouHighlight__75_80TO61_69\">Professor<\/span><span id=\"noHighlight_0.29299425917685406\"> <\/span><span id=\"ouHighlight__82_88TO71_76\">Robert<\/span><span id=\"noHighlight_0.2904884880382336\"> <\/span><span id=\"ouHighlight__90_98TO78_86\">Shiller (<\/span><span id=\"ouHighlight__100_103TO87_91\">known<\/span><span id=\"noHighlight_0.5821030467538688\"> <\/span><span id=\"ouHighlight__105_112TO93_94\">as<\/span><span id=\"noHighlight_0.599582381027932\"> <\/span><span id=\"ouHighlight__114_118TO96_103\">&#8216;Shiller<\/span><span id=\"noHighlight_0.9338524270009005\"> <\/span><span id=\"ouHighlight__119_119TO105_109\">CAPE&#8217;<\/span><span id=\"ouHighlight__121_122TO110_110\">)<\/span><span id=\"noHighlight_0.13243995634794026\"> <\/span><span id=\"ouHighlight__124_125TO112_114\">has<\/span><span id=\"noHighlight_0.36320025347784196\"> <\/span><span id=\"ouHighlight__127_133TO116_119\">been<\/span><span id=\"noHighlight_0.19411852637471394\"> <\/span><span id=\"ouHighlight__135_136TO121_127\">located<\/span><span id=\"noHighlight_0.8590515373521039\"> <\/span><span id=\"ouHighlight__138_139TO129_130\">at<\/span><span id=\"noHighlight_0.04407054942475347\"> <\/span><span id=\"ouHighlight__141_145TO132_134\">the<\/span><span id=\"noHighlight_0.24973477278022754\"> <\/span><span id=\"ouHighlight__147_148TO136_140\">level<\/span><span id=\"noHighlight_0.9587134585104682\"> <\/span><span id=\"ouHighlight__150_153TO142_143\">of<\/span><span id=\"noHighlight_0.6293471189283197\"> <\/span><span id=\"ouHighlight__154_154TO145_148\">27.2<\/span><span id=\"noHighlight_0.6036169426684488\">,<\/span><span id=\"noHighlight_0.25826083082029805\"> <\/span><span id=\"ouHighlight__159_161TO151_152\">64<\/span><span id=\"noHighlight_0.13893948909663412\"> <\/span><span id=\"ouHighlight__163_165TO154_161\">per cent<\/span><span id=\"noHighlight_0.4168216765791514\"> <\/span><span id=\"ouHighlight__167_178TO163_167\">above<\/span><span id=\"noHighlight_0.17532300379575577\"> <\/span><span id=\"ouHighlight__180_187TO169_171\">its<\/span><span id=\"noHighlight_0.07347619038208508\"> <\/span><span id=\"ouHighlight__199_205TO173_182\">historical<\/span><span id=\"noHighlight_0.2763459577314559\"> <\/span><span id=\"ouHighlight__189_197TO184_190\">average<\/span><span id=\"noHighlight_0.9750893299872001\"> <\/span><span id=\"ouHighlight__199_205TO192_197\">(16.6)<\/span><span id=\"noHighlight_0.1922562281990977\">. <\/span><span id=\"ouHighlight__207_210TO200_203\">Only<\/span><span id=\"noHighlight_0.9415344625646322\"> <\/span><span id=\"ouHighlight__212_213TO205_206\">on<\/span><span id=\"noHighlight_0.573093806438037\"> <\/span><span id=\"ouHighlight__215_218TO208_212\">three<\/span><span id=\"noHighlight_0.5778546551368029\"> <\/span><span id=\"ouHighlight__220_228TO214_222\">occasions<\/span><span id=\"noHighlight_0.10313422995696725\"> <\/span><span id=\"ouHighlight__230_234TO224_228\">since<\/span><span id=\"noHighlight_0.1501350025703994\"> <\/span><span id=\"ouHighlight__236_239TO230_233\">1882<\/span><span id=\"noHighlight_0.019126113552539625\">, <\/span><span id=\"ouHighlight__241_244TO236_239\">this<\/span><span id=\"noHighlight_0.11604176810436561\"> <\/span><span id=\"ouHighlight__246_251TO241_245\">index<\/span><span id=\"noHighlight_0.9089730390149004\"> <\/span><span id=\"ouHighlight__253_254TO247_249\">has<\/span><span id=\"noHighlight_0.38375111272356316\"> <\/span><span id=\"ouHighlight__256_259TO251_254\">been<\/span><span id=\"noHighlight_0.7628623666187982\"> <\/span><span id=\"ouHighlight__261_265TO256_262\">greater<\/span><span id=\"noHighlight_0.18531147250903618\"> <\/span><span id=\"ouHighlight__267_269TO264_267\">than<\/span><span id=\"noHighlight_0.08353307067777532\"> <\/span><span id=\"ouHighlight__271_272TO269_271\">the<\/span><span id=\"noHighlight_0.8995837276171604\"> <\/span><span id=\"ouHighlight__274_279TO273_279\">current<\/span><span id=\"noHighlight_0.715192764739782\">:<\/span><span id=\"noHighlight_0.918635333598486\"> <\/span><span id=\"ouHighlight__282_283TO282_283\">in<\/span><span id=\"noHighlight_0.07095256221292007\"> <\/span><span id=\"ouHighlight__285_288TO285_288\">1929<\/span><span id=\"noHighlight_0.9083042315711174\">,<\/span><span id=\"noHighlight_0.9165885691519476\"> <\/span><span id=\"ouHighlight__291_292TO291_292\">20<\/span><\/span><\/div>\n<\/div>\n<div id=\"OutputToolsInnerContainer\" class=\"ToolsContainer\"><span style=\"font-size: 14pt;\">\u00a0<\/span><\/p>\n<div id=\"FeedbackBadImage\" class=\"NoSelection Clickable FeedbackChoice\" tabindex=\"19\" title=\"Notificar esta traducci\u00f3n como incorrecta\"><span style=\"font-size: 14pt;\">\u00a0<\/span><\/div>\n<div id=\"outputVoiceOptionsDialog\" class=\"VoiceOptions\"><\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Tweet,,,,,,,,,,,,,,,, Tictac&#8230; todos los indicadores econ\u00f3micos se\u00f1alan que nos acercamos a la crisis definitiva &#8230;&#8230; .. Tick&#8230; all economic indicators point to that we are approaching the crisis \u00a0 &#8230; RT \u00a0,, &#8230; Por todo el mundo los bancos centrales han perdido el control de la situaci\u00f3n y la econom\u00eda mundial est\u00e1 a punto de [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4,7],"tags":[],"class_list":["post-31936","post","type-post","status-publish","format-standard","hentry","category-divulgacion","category-mis-dibujos"],"_links":{"self":[{"href":"https:\/\/www.floracantabrica.com\/index.php?rest_route=\/wp\/v2\/posts\/31936","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.floracantabrica.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.floracantabrica.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.floracantabrica.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.floracantabrica.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=31936"}],"version-history":[{"count":6,"href":"https:\/\/www.floracantabrica.com\/index.php?rest_route=\/wp\/v2\/posts\/31936\/revisions"}],"predecessor-version":[{"id":31943,"href":"https:\/\/www.floracantabrica.com\/index.php?rest_route=\/wp\/v2\/posts\/31936\/revisions\/31943"}],"wp:attachment":[{"href":"https:\/\/www.floracantabrica.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=31936"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.floracantabrica.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=31936"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.floracantabrica.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=31936"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}