Road to Ruin: Final stretch - Eric Janszen

[cjppjc]

Dropped from 75% to 43%

Is this because of Fed monetizing the debt? Anyone?


Data Source and Notes: IMF, World Economic Outlook database as of April 16, 2009.
1 - As measured by countries’ current account surplus (assuming errors and omissions are part of the
capital and financial accounts).
2 - Other countries include all countries with shares of total surplus less than 2.1 percent.
3 - As measured by countries’ current account deficit (assuming errors and omissions are part of the
capital and financial accounts).
4 - Other countries include all countries with shares of total deficit less than 2.7 percent.
USA was the largest net importer of capital receiving 43% of all capital exported since it is the most favored destination for primarily China and Japan. Despite the collapse in the real estate sector, Spain came second followed by Italy. UK attracted just 2.9% of total capital in spite of London being one of the important financial center in the world.
Source: Global Financial Stability Report, Responding to the Financial Crisis and Measuring Systemic Risk, April 2009, IMF