Fwd: Look behind the myth of global imbalances - FT - Brittan (Discusses SWFs role)

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eschwerin@rosemontseneca.com

DATE:

2011-01-10 13:57:58

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<A8201CBB-EF0A-4499-A1AE-772B64686C62@rosemontseneca.com>

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Hunter Biden <hbiden@rosemontseneca.com>

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Eric D. Schwerin
eschwerin@rosemontseneca.com

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Begin forwarded message:

> From: Michael Andrews <mandrews@ips.edu>
> Date: January 7, 2011 9:04:24 AM EST
> To: Hunter Biden <hbiden@rosemontseneca.com>, Eric Schwerin <eschwerin@rosemontseneca.com>
> Subject: Look behind the myth of global imbalances - FT - Brittan (Discusses SWFs role)
>

> Hey-
>
> Hunter I think it would be useful to read this prior to Monday's meeting. Thad is very touchy about the global view that US is an economy in decline. We all know it is a relative decline but some of us bristle when we read about it from writers in perhaps the best paper in the world - the Financial Times. The role of Sovereign Wealth Funds are likely to mitigate the effects of some nations ceasing to buy US dollar denominated instruments.
>
>
> Michael
>
> http://www.ft.com/cms/s/0/43e2fb2e-19cd-11e0-b921-00144feab49a.html#axzz1AMEzvvA

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