Bridgewater Sees Stability In Cross-Border Asset FlowsMark Melin
Cross-border asset flows have stabilized in a positive way, as an environment consistent with sustainable economic activity has emerged. This is a marked change from global cross-border lending leading up to 2008, which, according to a June 11 Bridgewater Associates report, provided “big support to credit creation in the run-up to the financial crisis.”
Debt and leverage associated with cross-border asset flows has given way to foreign investment, Bridgewater notes
In fact, it was cross-border lending that financed nearly half . . .
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