RES: RES: Goldman Sachs: scrap the strong dollar policy

Alexandre Fenelon afenelon at zaz.com.br
Sat Aug 4 19:18:18 PDT 2001


-----Mensagem original----- De: owner-lbo-talk at lists.panix.com [mailto:owner-lbo-talk at lists.panix.com]Em nome de Doug Henwood Enviada em: sábado, 4 de agosto de 2001 19:21 Para: lbo-talk at lists.panix.com Assunto: Re: RES: Goldman Sachs: scrap the strong dollar policy

Alexandre Fenelon wrote:


>-What is the US external debt (both overall and expressed as % GNP)?

As of the first quarter of 2001, U.S. net credit market debt was $2.2 trillion, or a record 22% of GDP. (Well maybe it was higher in the 19th century, but I don't have numbers on that.) If you throw in the balance on stocks and foreign direct investment, it falls to 19%. In the late 1960s, it was about +3% - and +7% if you include stocks and FDI. It went solidly negative in 1982, and has been heading pretty much straight down ever since.

Doug

-Hmmmm, not so bad, our debt is 45% of the GNP (but it didn´t change too much from the 80´s). On the other hand, our current account deficit is -4,5% (equal to yours), but I think that the fact that your debt is your own currency will make some difference...

Alexandre Fenelon



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