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, November 22nd, 2009
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2009-11-20 00:47 Most Comments
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Don, they never paid back all the TARP. In fact, they never even mentioned TARP re-payments while they were dishing ...
Darren | 22Nov09 | More -
Good work Winkinatcha.
I tend to favour against dollar rally...even though its on cards once again. Been waiting for a freefall ...
Lachlan Scanlan | 21Nov09 | More -
there's some rumblings going on lads.
Check it:
http://www.marketwatch.com/story/ice-investigating-spike-in-dollar-index-futures-2009-11-20
;)
winkinatcha | 21Nov09 | More -
"Goldman also received $10 billion of capital from the U.S. government in October 2008, under the Troubled Asset Relief Program."
In ...
Don | 21Nov09 | More -
3m UST bills turn negative, again! Apparently, they did routinely during the Great Depression, though Bloomberg reports "Treasury bills turned ...
Justin | 21Nov09 | More -
Yeah Ned I think it was Wierd Al who wrote a song about Prozak and his dealings with Biker....
"I know ...
Lachlan Scanlan | 21Nov09 | More -
Ever watched a dead cat bounce?
Dan | 20Nov09 | More -
Hey Biker ... Where are you? DR's gotten a bit boring lately mate. Even Prozak seems to have lost a ...
Ned S | 20Nov09 | More -
Agreed my friend - In a sane world one doesn't have to be a "rocket scientist" to have a chat ...
Ned S | 20Nov09 | More -
Ned, just that point about the world thinking immorality pays off ... actually not really. Big business knows immorality causes ...
Dan | 20Nov09 | More
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Don, they never paid back all the TARP. In fact, they never even mentioned TARP re-payments while they were dishing ...
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