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Countries Lie in their Economic Reports


Guest Schwab711
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Guest Schwab711

http://www.economist.com/blogs/freeexchange/2013/09/global-trade-imbalances

 

Basically, the global net trade balance has been positive for over a decade even though it is a zero-sum game by definition. There are similar problems with the aggregate global balance sheet as liabilities exceed assets (the world has negative equity?). Something to keep in mind when viewing emerging market economic reports. I'm definitely of the camp that doesn't believe a word China says with regards to their economic condition.

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