TITLE

The coming US current account surplus

AUTHOR(S)
Stein, Gabriel
PUB. DATE
July 2006
SOURCE
Fund Strategy;7/24/2006, p14
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article offers information about the current account deficit in the U.S. When Americans retire and becomes spenders instead of savers, this is when the country goes into a current account deficit. However, their retirement is not really the main reason of the country's deficit, instead it is every country's interest in determining and maintaining a surplus. U.S. is forced to borrow what the foreigners lend due to its lacking capital control.
ACCESSION #
22653412

 

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