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Most of that money went to the United States — hence our giant trade deficit, because a trade deficit is the flip side of capital inflows.
Convinced that lawyers, by taking the side of capital, had "allowed themselves to become adjuncts of great corporations," he had campaigned for an eight-hour day and deftly arbitrated labor disputes, including the New York garment workers' strike of 1910.
Finally, let's look at the balance of payments — the current account deficit, which is the flip side of capital inflows (also from the IMF): We're doing a lot better here — especially when you bear in mind that Estonia, a recent entrant to the euro, had an 18 percent decline in real GDP between 2007 and 2009.
"We need to overreact on the side of stimulus, overreact on the side of capital infusion if we are to restore confidence going forward, and the next president will have a historic opportunity to do that," Summers said in a Boston speech last month.
They fret over trade deficits but fail to mention the flip side of capital surpluses foreign money pouring into the U.S., keeping stocks high and borrowing rates low.
Similar(53)
Blame the parochial side of Washington, a world capital that is also a small town.
The nation's capital Dhaka has only been partially affected though there are fears that the eastern side of the capital could be inundated in the next few days as waters make their way towards the lowlands.
You're not meant to know about this side of the capital.
That's also why the flip side of those capital flows was a sharp rise in Spanish private-sector debt.
The district of Ngaliema is the other side of the capital from the stadium and the church of St Alphonse.
On the Turkish -- and far poorer -- side of the capital, there are signs that Mr. Denktash is becoming increasingly marginalized.
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side of bacon
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com