U.S. foreign debt

[Michael Perelman]

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