|Mon dieu! A General Glut! What would Jean-Baptiste say?
On 3/24/06, C Ruiz
Bernanke: Global 'saving glut' possible
Fed chief says nothing has disproven his belief that U.S. trade deficit may
be partly driven by excessive savings.
March 24, 2006: 6:39 AM EST(CNN Money)
WASHINGTON (Reuters) - Federal Reserve Chairman Ben Bernanke said in a
letter released Thursday nothing had emerged to undercut his year-old hypothesis
that a "global saving glut" was a factor behind the large U.S. trade gap.