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The lower inflation forecasts are not out of the blue given the lower economic growth projections announced via Reserve Provider. Factors attributable to the muted inflation pressures include: weaker consumer demand, basically non-existent lending growth, unemployment figures at over 5%, reductions in house prices and deleveraging.

If anyone could have a foreign bank account, make sure your tax preparer is familiar with federal reporting requirements. Those requirements are sometimes as simple as filing an annual disclosure one IRS.

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