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Old 19-09-2018, 02:11 AM
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OICURMT
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OICURMT is offline
 
Join Date: Apr 2010
Location: Laramie, WY - United States of America
Posts: 1,543
People tend to get fixated on deficit, but that's not really the most important metric when it comes to sovereign fiscal strength when analyzing economics in a global sense.


That said, here are a couple of link to deficits.


An “arguably” better metric is the current account balance (CAB), as this is an indicator of the underlying health of a nation and its "cashflow".

https://www.cia.gov/library/publicat.../2187rank.html


The USA is in trouble, but is managing its deficit “ok”. Unfortunately, the CAB is getting deeper to the point where the increasing negative balance cannot be arrested (i.e. the rate of change in the CAB is getting worse).


Slag the US all you want, but the only nations to survive will be those with a positive CAB and very few nations are on the list (67 out of 202 nations). Someone here with a macro-economics may have a different view (e.g. zero-sum economics etc...) but I think the entire world is due for a "reboot".


OIC!
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