The Undollar Digest

Rebalancing the World

Doug Noland, www.prudentbear.com, 10/22/2010
The G20 ministers clearly want to avoid confrontation and…don’t dare address the U.S. as an unmitigated policy “Basket Case.”
The [current accounts] deficit will likely jump to $500bn this year – an unimaginable scenario for an economy operating at almost 10% unemployment.  History offers nothing remotely comparable to our decades of exchanging new [...]


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