America
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Analysis
Credit history bodes well for returns
Credit markets offer investors healthy returns, despite the uncertain trajectory of the economy, especially if the positive pattern of results of American high yield stand-out years is repeated.
Imbalances back at pre-crisis levels as trade recovers
The recent round of international trade statistics suggests that global imbalances have more or less returned to their pre-crisis levels. This is bad news for the many experts who associate such imbalances with the global economic crisis.
