Government deficits have skyrocketed in the past year, yet the U.S. as a whole is borrowing much less from the rest of the world. What’s going on?
As shown in the following chart, the answer is simple: Americans are saving more and investing less.
Government deficits have skyrocketed in the past year, yet the U.S. as a whole is borrowing much less from the rest of the world. What’s going on?
As shown in the following chart, the answer is simple: Americans are saving more and investing less.
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