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To: Tommaso who wrote (99026)	1/25/2009 7:54:17 PM
From: Valuepro	Read Replies (1) \| Respond to of 116753

I think when you measure foreign reserve holdings against sovereign debt, you get the results shown.

To: Tommaso who wrote (99026)	1/27/2009 4:33:46 AM
From: Lee Lichterman III	Respond to of 116753

I thought it was in numerous articles I read which are long gone. I think you are right though on a over all trade basis and maybe I am thinking on a "by country" basis such as creditor with the USA but debtor to Australia and oil suppliers. According to CIA fact book and Wiki they exported 1.2 billion and imported 900 Billion on one source and exported 1.4 Billion while importing 1.1 billion from the other source. End result is they were a creditor nation relative to their trade partners combined. cia.gov They do maintain a budget deficit however like many countries. Wiki shows it at 7% of GDP. en.wikipedia.org Current account balance is postive 360 Billion however and they have about 2 trillion in reserves. Good Luck, Lee