The U.S. government is technically insolvent, with its liabilities far exceeding its assets, and its financial condition is deteriorating with each passing day. Washington seems to be addicted to ...
2004 Net portfolio equity outflow: $63 billion (TIC data); $37 billion (BEA) data. The difference seems to stem from different treatment of equity purchases related to mergers and acquisitions. Is the ...
Back in the summer of 2004, Nouriel Roubini and I published a paper arguing that large trade deficits implied a deteriorating US net international investment position and a deteriorating “income” ...
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