U.S. foreign debt

Michael Perelman michael at ecst.csuchico.edu
Mon Sep 27 15:17:32 PDT 1999


Mr. Dug, how much of this indulgence reflects the need to maintain exports to the U.S. to sustain their domestic economies? Does anybody have any idea. Do we have some co-dependence here?

Doug Henwood wrote:


> But the U.S. has been financing its deficits with
> considerable freedom for decades; you don't get a net debt position
> of 22% of GDP in your own currency without some indulgence coming
> from your creditors.
>

--

Michael Perelman Economics Department California State University michael at ecst.csuchico.edu Chico, CA 95929 530-898-5321 fax 530-898-5901



More information about the lbo-talk mailing list