From: ope-admin@ricardo.ecn.wfu.edu
Date: Sat Oct 20 2007 - 06:49:34 EDT
-------------------------- Original Message ---------------------------- Subject: US Capital Exports in 2007 From: "Steve Palmer" <spalmer999@yahoo.com> Date: Sat, October 20, 2007 12:20 am ------------------------------------------------------------------------ Hi Jerry, This may be of interest to your OPE-L list. Yesterday, October Survey of Current Business thudded into my inbox. It contains the latest figures for US International Transactions. This year, in the first six months, they have already exported almost as much capital as in the whole of 2006 - $918bn, compared to $1,062bn. At the rates we've seen for the first half of 2007, this will amount to roughly $1.8 trn to $2 trn for the year. Depending on how GDP and corporate profits turn out, this will amount to around 10%-15% of the GDP and exceed the total US corporate profits. These are quite extraordinary levels. Steve Palmer All figures are $millions Year 2003 2004 2005 2006 Changes in US -327,484 -909,539 -446,510 -1,062,896 private assets abroad Year/Qtr 2006 Q1 2006 Q2 2006 Q3 2006 Q4 2007 Q1 2007 Q2 Changes in US -345,594 -213,423 -212,474 -291,405 -449,827 -469,003 private assets abroad (Seasonally Adjusted) Source bea.gov interactive tables. "I study a lot. That is one of the responsibilities of every revolutionary." Hugo Chavez.
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