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The number that matters is the change in reserves

Current Account + Capital Account = Change in Official Reserve Account

with Capital account =

Increase in foreign ownership of domestic assets - Increase of domestic ownership of foreign assets

In the long run, we're all dead. John Maynard Keynes

by Jerome a Paris (etg@eurotrib.com) on Tue Jan 23rd, 2007 at 04:57:51 AM EST
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