That Axis advocated running a capital account surplus. It was partly to offset the rising current account deficit. But in some ways, the surplus in the capital account came about because of policies that encouraged debt and consumption, the very things that led to the current account deficit. The result was a boom in American financial services-while American manufacturing was shipped offshore…
November 20th, 2008 | Dan Denning | 0 comments | Continued Our DR Global Editions: 
Sunday, March 21st, 2010
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2010-03-19 01:38 Most Comments
- Majority of Australians Believe House Prices Will Rise in Next Twelve Months (292)
- A Date for an Aussie House Price Collapse (251)
- Australian Housing More Unaffordable in 2010 (199)
- Australian House Prices Are Severely and Seriously Unaffordable (184)
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SV: "I can see one positive of every worker having somewhat lower income - we all will pay less tax!"
I ...
Biker Pete | 21Mar10 | More -
BP - no I don't think WA will close all the mines at all, just that it will dig less ...
SV | 21Mar10 | More -
'baal'
I don't understand what you're saying about GPT... could you develop your point further?
Cheers
Cameron | 21Mar10 | More -
Frankly, not much positive seems likely for the whole northern hemisphere.
I think many here forget that, in addition to ...
Biker Pete | 21Mar10 | More -
A China bust would be bad for me and all Aussies per income. However I think other things may take ...
Lachlan | 21Mar10 | More -
My query was regarding "normal" levels, SV. I'm not sure we'd just close all the mines if prices fell, ...
Biker Pete | 21Mar10 | More -
"btw, i still love america, and the american way, just because the flushers in washington d.c. don't work anymore, just ...
fred | 21Mar10 | More -
Biker Pete - "dig up more holes will slow down": I was referring to a likely reduction of exploration and ...
SV | 21Mar10 | More -
If it truly is Armageddon, Maslow's hierarchy gives us a few clues. ;)
If it's a mere correction, the two ...
Biker Pete | 21Mar10 | More -
SV - so when one door closes another one opens?
so its just a matter of working out what will grow ...
GB | 21Mar10 | More
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SV: "I can see one positive of every worker having somewhat lower income - we all will pay less tax!"
I ...
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