U.S. current account and long-term capital flows

How the U.S. Current Account Gap Was Financed in the Second Quarter

September 15, 2011

The dollar was on the ropes during the spring quarter of 2011, which was reflected not so much in the current account as in a combined $189.7 billion net  outflow generated by portfolio and direct investment.  These are the long-term capital movements.  The balance of payments must zero out by accounting convention, but highest quality […] More