Saturday, June 27, 2009


Read Brad Setser on the USA's deterioration in the net international investment position.
The left-hand scale is in $billions.

To quote Status Quo, "down down, deeper and down".


James Higham said...

What was the spike in mid-2007?

Sackerson said...

Don't know, James, but I guess it's a combination of currency exchange fluctuation, changes in the balance of trade and debt as America started to pull in its horns, and gyrations in world stockmarkets as the crisis hit.