Subject: Look behind the myth of global imbalances - FT - Brittan (Discusses SWFs role)
From: "Michael Andrews" <[email-masked]>
To: "Hunter Biden" <[email-masked]>, "Eric Schwerin" <[email-masked]>
Date: Fri, 7 Jan 2011 09:04:24 -0500

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#axzz1AMEzvvAC
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