Can America Maintain External Sustainability? | by Yu Yongding - Project Syndicate

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Can America Maintain External Sustainability? | by Yu Yongding - Project Syndicate

Although concerns about America’s fiscal sustainability are mounting, not enough attention is given to its rapidly deteriorating external balance. But with the country’s net foreign debt on track to reach 100% of GDP, foreign investors may be less willing to purchase US financial assets on the same scale as before.