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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory

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To: russwinter who wrote (47032)12/11/2005 2:07:28 PM
From: mishedlo  Read Replies (2) of 110194
 
Check out the latest Wizard of Oz Theory.
This one is a doozie...

Dark Matter' Makes the U.S. Deficit Disappear
Ricardo Hausmann and Federico Sturzenegger
US is a $600bn net creditor, not a $4,100bn net debtor. Since the assets have remained stable then on average the US has not had a current account deficit at all over the past 25 years. That is why it is still a net creditor.


take a look yourself:
ksg.harvard.edu
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