Covid-19: Hyper-extended saving, current-account imbalances will have consequences for dollar

No country can afford to squander its saving potential—ultimately, the seed-corn of long-term economic growth. That’s true even of the United States, where the laws of economics have often been ignored under the guise of “American exceptionalism.”

from The Financial Express https://ift.tt/3eItttA
https://ift.tt/eA8V8J Stephen S Roach