Market news, views and information from a Wall Street veteran

Thursday, October 20, 2005

Global imbalances, you ask?

From Bill Cara's blog
Here is the Cara Top Ten List of Global Imbalances:
10. See number 1
9. See number 1
8. Refco client-driven commodity prices and current unwinding
7. China’s insatiable demand for natural resources
6. Residential real estate markets in many countries
5. Consumer indebtedness in the U.S.
4. European fiscal deficits (Germany, France and Italy)
3. Japan’s trade surplus and rapid inbound investment of USD
2. China’s trade surplus, rapid growth of USD reserves
1. The current account and fiscal deficits of the U.S. (“the twin deficits”)

posted by Equities Analyst at 9:55 PM

Disclaimer
Terms and Conditions of Use
The information contained in this publication has been prepared with all reasonable care from sources, which we believe are reliable. The author accepts no responsibility or liability for any errors or omissions or misstatements however caused. Under no circumstances and in no event shall the author of this site liable for direct, indirect, or incidental damages resulting from the use of the information. The author of this site may have positions in securities mentioned herein. Any opinions, forecasts or recommendations reflect our judgement and assumptions at the date of publication and may change without notice. This publication is not and should not be construed as an offer to sell or the solicitation of an offer to purchase or subscribe for any investment. We are not aware that any recipient intends to rely on this publication or of the manner in which the recipient intends to use it. In issuing this publication it is not possible to take into account the investment objectives, financial situation or particular needs of any recipient. Investors should obtain financial advice to determine whether recommendations in this publication are appropriate to their investment objectives, financial situation or particular needs before acting on such recommendations. The author may from time to time hold positions in any securities included on this site and may buy or sell such securities or engage in other transactions involving such securities.

Locations of visitors to this page