Market Earth: " one of the reasons that the U.S. has been able to continue running large current account deficits is that valuation changes have been large and in the opposite direction. In effect the US has been borrowing without incurring debt--nice work if you can get it! "

Saturday, January 14, 2012

" one of the reasons that the U.S. has been able to continue running large current account deficits is that valuation changes have been large and in the opposite direction. In effect the US has been borrowing without incurring debt--nice work if you can get it! "