Wednesday, May 17, 2006

United State's investment income

But according to official statistics, the United States still has a slightly positive balance on investment income. How can this be possible? The answer, almost certainly, is that there’s something wrong with the numbers (Laypeople tend to treat official statistics as gospel; professional economists know that putting these numbers together involves a lot of educated guesswork – and sometimes the guesses are wrong). But depending on exactly what’s wrong with the numbers, the United States economy either has hidden strengths, or it is in an even worse shape than it seems

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