tag:blogger.com,1999:blog-5882645467378797266.post8955694550006703812..comments2023-07-17T11:55:51.363+02:00Comments on ObservingGreece: Finally, the importance of current account balances is being discovered!kleinguthttp://www.blogger.com/profile/12491174042954678023noreply@blogger.comBlogger4125tag:blogger.com,1999:blog-5882645467378797266.post-91852309592701384112012-06-11T15:29:43.128+02:002012-06-11T15:29:43.128+02:00Capital account balance is offsetting current acco...Capital account balance is offsetting current account balance. If no longer surplus in capital account (because no more foreign funding), current account comes into balance by the force of mathematics (imports collapse).<br /><br />You cannot get facts about country's actual cash balance (unless you are an insider). Also, it is not only a question of how much cash there is but also which payments can be deferred. A state has many ways to preserve cash for some time. And who says the Greek State won't find a Greek bank to lend it some money and the Greek bank gets that money from the ECB?kleinguthttps://www.blogger.com/profile/12491174042954678023noreply@blogger.comtag:blogger.com,1999:blog-5882645467378797266.post-27142494183967396702012-06-11T14:25:05.448+02:002012-06-11T14:25:05.448+02:00Hello Mr. Klaus,
I understand the importance of c...Hello Mr. Klaus,<br /><br />I understand the importance of current account but does the capital account has the same importance since it is part in the balance of payment?<br /><br />With regards to Greece, I often read in the news that Greece will ran out of money, may I know where exactly can I get the facts regarding a country's cash balance?<br /><br />Best regards,<br /><br />RenzieRenzie Doemhttps://www.blogger.com/profile/05373801914422796896noreply@blogger.comtag:blogger.com,1999:blog-5882645467378797266.post-63468046736032346672012-06-11T07:48:52.897+02:002012-06-11T07:48:52.897+02:00Siehe Namen im 3. Absatz und Link zu deren Artikel...Siehe Namen im 3. Absatz und Link zu deren Artikel.kleinguthttps://www.blogger.com/profile/12491174042954678023noreply@blogger.comtag:blogger.com,1999:blog-5882645467378797266.post-6399296925337603982012-06-11T07:38:06.255+02:002012-06-11T07:38:06.255+02:00GraveKal come to an astonishing conclusion. They s...GraveKal come to an astonishing conclusion. They say that the bulk of the Periphery's current account problems is not a function of deficits with Northern Eurozone-countries but, instead, a function of essentially oil and imports from China. If that is true, then it represents a REAL problem!<br /><br />Genau so hatte ich mir das gedacht. Deshalb wäre es gerade auch für die Südländer absolut kontraproduktiv, die deutsche Exportfähigkeit zu ruinieren. Die Märchen von Flassbeck, Fricke, Horn usw., dass Deutschland die Südstaaten ruiniert, wären damit widerlegt.<br />Andererseits: vielleicht nicht so ganz.<br />Wenn wir keine Exportüberschüsse haben, können wir denen kein Geld mehr leihen; damit könnten die nichts mehr in China kaufen.<br />Dann druckt Draghi Geld (bzw. tut er ja jetzt schon) wie Ben Bernanke - und irgendwann fliegt die ganze Sch'e in die Luft!<br /><br />Aber wer, bitte, ist GraveKal?Cangrandehttps://www.blogger.com/profile/15886612960494544505noreply@blogger.com