“Spain is finding it very difficult to finance itself with sovereign debt risk premium so high.”
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All money is a matter of belief.
To finance this trade deficit, the U.S. has to borrow from the rest of the world or sell American assets like stocks, businesses, and real estate to the rest of the world.
The confidence is really driven by the woman - whether she can have the confidence that there will be enough earning or income to finance all the domestic spending - but also by the middle-income class, which for many Asian countries has become the growth power for the economy.
Qaddafi is hated because he is the leader of a small country that is rich, but he uses his money to finance liberation struggles.
