No strings attached

A foreign affair


‘Neither a borrower nor a lender be’ is hardly the advice one would expect to get from the investment banking set these days. They could reasonably be expected to agree, however, that it is worth monitoring who it is that you are indebted to, and for how much. It is common knowledge that the US in general has become heavily dependent on foreign savings in order to fund its ever-growing current account deficit, a fact that is frequently mentioned when listing risk factors to the US economy.


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