Battlepanda: A picture to ponder


Always trying to figure things out with the minimum of bullshit and the maximum of belligerence.

Sunday, November 27, 2005

A picture to ponder

From Brad Setser, a chart of global current accounts. You see the only bar that's in negative? That's us. Yep.
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What can't go on forever doesn't, right?

And talking about things that can't go on forever, keep an eye on Calculated Risk -- the big story on the housing front right now is ballooning inventories and reduced transaction volumes, even as average prices are still creeping upwards.