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  1. House_Keeper

    For those worried about the current account deficit & dependency on foreign borrowing

    Savings from Asia have to go somewhere. If Australia becomes more attractive than the US for foreign capital, that is a very good thing for us. Paying it back? That's what the previous government did. Did anybody feel any pain? :confused: Cheers,
  2. House_Keeper

    For those worried about the current account deficit & dependency on foreign borrowing

    That was a good one! :D With so many ex-Goldman Sachs in top posts of the US government, no wonder the company is doing so well! Cheers,
  3. House_Keeper

    For those worried about the current account deficit & dependency on foreign borrowing

    Here is an article from Ross Gittins about the current account deficit. http://www.smh.com.au/business/no-worries-mate-living-with-a-deficit-20091023-hdb3.html He basically says that we're not in the same boat as the US because our savings rate is much higher than the US. So our foreign...
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