Date: October 12, 2004
Creator: Labonte, Marc & Makinen, Gail
Description: The nation’s trade deficit is equal to the imbalance between national investment and national saving. The borrowing needs of the U.S. private sector declined, the public sector borrowing needs increased, and a stable U.S. national saving investment gap continued to be filled by foreign lending as a result. This is largely the result of a few Asian countries purchasing U.S. assets to mitigate or prevent their currencies from appreciating against the dollar.
Contributing Partner: UNT Libraries Government Documents Department