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Posted by: deathray 5 months, 2 weeks ago
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deathray5 months, 2 weeks ago
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he talks about 'underpricing risk.' i think it should be 'mispricing risk' and that's based on teh packaging of CDO and CDS debt tranches. >
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that's true...but he's mostly talking about issues outside the financial markets...except for issues of capital flight, he's looking at trade imbalances.-
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GWHayduke5 months, 2 weeks ago
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One interesting thing about trade imbalances is how they are sometimes measured.
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Often, 'services' are discounted because they dont meet the criteria of durable goods, products or tangible assets that can be easily measured.
We are not deficient in the services we provide abroad.
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