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Strategies & Market Trends : The coming US dollar crisis
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To: Real Man who wrote (11581)9/22/2008 2:05:45 PM
From: SouthFloridaGuy  Read Replies (1) of 71412
 
But the current account deficit expanded post 2003 as Greenspan was able to lure capital back into risk assets by making the problem bigger.

I would argue that the current unwind began in early 2006 when foreigners began questioning dollar holdings.

Note the current account moved from 7 to 5% of GDP from then to now. Scary to think what the next 5% will look like. I'n not being revolutionary by saying I don't think we get another bubble to save us this time.
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