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TWM - Valuation Effects On NIIP And Net Primary Income
ProShares UltraShort Russell2000
The gap between the market valuation of the net international investment position and the cumulative current account has waxed and waned over the years.
Receipts trend upward as the dollar depreciates, fitting the exchange rate valuation story.
Increase in receipts push up net income, but decrease in payments also do, in 2007.