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From our analysis, we found the following most relevant:This raises one of the biggest questions of all: Will foreign investors demand concessions to provide the massive increment of foreign capital that America.s saving-short economy is about to require.
The answer depends critically on whether the US deserves to retain its exorbitant privilegeThat means today.s saving-short US economy could well be headed for a significant partial liquidation of net saving.
With unprecedented pressure on domestic saving likely to magnify America.s need for surplus foreign capital, the current-account deficit should widen sharply