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@ Like Ice Cream
2025-04-29 15:24:39In short, this means if the U.S. wants to keep the global monetary system humming it needs to keep a trade imbalance, and grow that imbalance over time if the world continues to grow faster than we do. Obviously as you can see above, this trend has been accelerating as the third world (especially Asia) joined the eurodollar market in earnest in the 1990s and 2000s.