Analyse @michaelxpettis's tweets
@michaelxpettis
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We argue that US absorption of the global savings glut creates many of the same distortions. In either case, and in similar ways, the economy must accommodate the resulting higher ex-ante savings, usually by reducing savings elsewhere within the economy. https://t.co/kWJUhaAE30
We argue that US absorption of the global savings glut creates many of the same distortions. In either case, and in similar ways, the economy must accommodate the resulting higher ex-ante savings, usually by reducing savings elsewhere within the economy. https://t.co/kWJUhaAE30