Those countries with large current account deficits, such as the U.S. and Australia, haven't been penalized by seeing their currencies drop. In otherwords, financial markets currently are ignoring current account balances, but that's not to say that will continue.
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This quote is just one of 2 total Bob Cunneen quotes in our collection. Bob Cunneen is known for saying 'Those countries with large current account deficits, such as the U.S. and Australia, haven't been penalized by seeing their currencies drop. In other words, financial markets currently are ignoring current account balances, but that's not to say that will continue.' as well as some of the following quotes.
We are still seeing solid jobs growth and incomes are improving. That helps demand for housing, along with the Reserve Bank of Australia sitting on its hands for rates.
Those countries with large current account deficits, such as the U.S. and Australia, haven't been penalized by seeing their currencies drop. In other words, financial markets currently are ignoring current account balances, but that's not to say that will continue.
This quote is just one of 2 total Bob Cunneen quotes in our collection. Bob Cunneen is known for saying 'Those countries with large current account deficits, such as the U.S. and Australia, haven't been penalized by seeing their currencies drop. In other words, financial markets currently are ignoring current account balances, but that's not to say that will continue.' as well as some of the following quotes.