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Essay

How scary is our deficit???

Essay specific features

 

Issue:

Business

 

Written by:

Michele M

 

Date added:

July 19, 2015

 

Level:

University

 

Grade:

A

 

No of pages / words:

13 / 3434

 

Was viewed:

7620 times

 

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Essay content:

According to David Levey and Stuart Brown ("The Overstretch Myth," March/April 2005), "the risk to U.S. financial stability posed by large foreign liabilities has been exaggerated." Indeed, they write, "the world's appetite for U.S. assets bolsters U.S. predominance rather than undermines it." But in fact, the economic and financial risks that arise from the U...
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assets bolsters U.S. predominance rather than undermines it." But in fact, the economic and financial risks that arise from the U.S. current account deficit (and the resulting dependence on foreign financing) have not been exaggerated. If anything, they have received too little attention -- and are set to grow in the coming years...
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