Bernanke: Global Savings Glut Causes US Trade Deficit
Source Sandwichman
Date 06/03/26/23:38

Mon dieu! A General Glut! What would Jean-Baptiste say?


On 3/24/06, C Ruiz wrote:

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.

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