2008년 7월 15일 화요일

US Current Account Deficit: How Great a Threat to the Dollar?

US Current Account Deficit: How Great a Threat to the Dollar?


Abstract: Economists have been warning about the dangers of the US current account deficit foryears. So far, they’ve been proved wrong. But its effect on the value of the US dollar can’t be postponed forever. Investors should prepare for an eventual decline, the duration and magnitude of which promise to be substantial.

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