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Tag Archives: Frederic Cherbonnier

Richest 1 pct of Americans responsible for inequalities: economist

Paris, France | Xinhua | The indebtedness of the poorest households in the United States was largely financed by the accumulation of savings of the rich, French economic researcher Frederic Cherbonnier said in an article published recently in newspaper Les Echos. The phenomenon locks the American economy in a vicious circle …

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