| |
Offshoring the Dollar
at 2006-07-09 19:42:58
With oil breaking the $70 per barrel threshold last week, and exports from China and the rest of Asia rising steadily, what is happening to all those petro and textile dollars being earned overseas?
The US current account deficit is on track to top $800 billion this year, but as it continues its inexorable rise, the deficit’s effects on international financial markets have not played out as
Blog Source - http://cynicsdelight.blogspot.com/atom.xml
|
| |
|
