Saturday, June 27, 2009

Down

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".

2 comments:

  1. James Higham27 June 2009 at 07:53

    What was the spike in mid-2007?

    ReplyDelete
  2. Sackerson28 June 2009 at 19:36

    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.

    ReplyDelete

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