The U.S. Current Account Deficit: Threat or Way of Life?

The United States is able to borrow enough to pay for its trade deficit because of the demand for U.S. Treasury notes. 

The federal government guarantees U.S. Treasury notes, so investors consider them the safest investment in the world. 

the balance March 19, 2019

US government debt is a safe haven the way Pearl Harbor was a safe haven in 1941.

Niall Ferguson, FT February 10 2010


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