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Home»Entries posted by Danny Quah (Page 2)

Where in the world is Asian Thrift and the Global Savings Glut?

By Danny Quah on November 22, 2008   Asia, Global Macro  

Sometime in the early 1990s the US began to move its international trade account from approximate balance into burgeoning deficit.  From then on the US trade deficit grew year on year so that by 2006 the US consumed nearly US$900 billion more than it produced.

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