Friday, August 17, 2007
Debtor Nation
Meaty article in the Harvard mag that analyzes the US debt/deficit situation. It is, like most interesting problems, multivariate in nature and nobody really knows with any certainty what is going to happen in the future. But regardless, some very interesting points in the market - Why is China holding on to so many US T-notes? How are the current trade deficit and the housing price bubble related? What happens when foreign investors decide to withdraw their investment in the dollar? The article doesnt quite do justice to all these weighty questions - can someone quickly write a book with all (or some) of the answers?
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had dinner with frances' cousin who works in the finance industry of london. she said exactly that...no one really knows what will happen and there are some strange correlations that are occurring. the algorithmic funds are going haywire. really interesting stuff.
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