From: Rakesh Bhandari (email@example.com)
Date: Mon Dec 16 2002 - 10:37:27 EST
This was an interesting piece. Drawing on Tim Congdon, Plender suggested (as I now remember) that hefty returns on US foreign investments provide some balance to the US current account deficit--the US, he suggests, enjoys substantially better returns on its foreign investments than do the Europeans and the Japanese. Also suggested that US statistics are biased by transfer pricing which allow profits to be claimed in, say, Ireland. I read the hard copy; one has to be a subscriber to read it on the web. rb Why the dollar keeps levitating Requires subscription FT.com site, Dec 12, 2002 By John Plender As Tim Congdon of Lombard Street Research points out, despite that $2,500bn of cumulative deficits, the US still enjoyed...
This archive was generated by hypermail 2.1.5 : Tue Dec 17 2002 - 00:00:00 EST