FT Alphaville's article of 15-Dec-2011, shows the level net external asset/liability position of a number of countries, see http://ftalphaville.ft.com/blog/2011/12/15/802081/its-the-balance-of-payments-stupid/
They also quote Carney, a former central banker of Canada that we have reached a"Minsky moment", when investors have to liquidate good assets at fire-sale prices in order to deleverage at any cost.
Or as the Portuguese saying goes, "quem compra o que não pode, vende o que não quer".
They also quote Carney, a former central banker of Canada that we have reached a"Minsky moment", when investors have to liquidate good assets at fire-sale prices in order to deleverage at any cost.
Or as the Portuguese saying goes, "quem compra o que não pode, vende o que não quer".
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