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So, where were we? Ah, yes, our “fundamental macroeconomic external imbalance”. If a nation’s savings exceeds its investment, as ours obviously does, the country has “excess savings”, which it then exports to other countries to fund their investment ...

While our politicians spent the new year attempting to mitigate the embarrassment of their longstanding, adamant denials of Bermuda’s indubitable status as a tax haven being now well and truly exposed as a farce, much of the rest of the island were a...