Showing posts with label US debt Eurozone. Show all posts
Showing posts with label US debt Eurozone. Show all posts

Monday, 20 June 2011

What's the smart money doing?

Taken at face-value this Morgan Stanley chart (published June 2011) is intriguing, to say the least.

Even though nominal US debt continues to rise, US total debt-to-GDP is deleveraging. ie: it's becoming more sustainable... Conversely, the Eurozone's in a little more trouble. There are, however, signs of a more subtle decline in Europe's debt ratio too.

Nevertheless, it's ABUNDANTLY clear that the smart short-medium money is positioning itself away from the euro...