The current account should improve a lot on this recession and maybe the capital flight from the emerging world will continue but I've been fooled before
The current account should improve a lot on this recession and maybe the capital flight from the emerging world will continue but I've been fooled before
The next move for Europe is down. The next move for the US is up. The difference in rates will now begin to move the other way, and I think everyone is trying to position themselves for it.