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Why is this? Why can't surplus core capital go somewhere else than into peripheral country debt (private or public)? Why can't it instead go into peripheral country equity, or outside the eurozone?

And why must debt explode in the peripheral countries with trade deficits? Why can't they instead reduce their equity holdings, or reduce their imports from the core?

These are not rhetorical questions: I really don't understand this, and ET discussion threads are the best seminar room I've ever been to. Lots of great stuff I've never been exposed to in ordinary seminar rooms. :)

Peak oil is not an energy crisis. It is a liquid fuel crisis.

by Starvid on Fri Dec 24th, 2010 at 06:39:38 AM EST
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