The Increase of the United States Budget Deficit

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== ==SHIT== ==<math>x+5=6</math>

  • Scale of foreign financing required exceeds foreign central bank's willingness to lend
  • Asian banks share more of the financing burden
  • Inflation in China weakens financial power
  • U.S. changes policy to reduce deficit

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Paradigms:


Experts:

  • Nouriel Roubini
  • Brad Setser

Timing:

Sytem will not hold at current rate in the next five years. http://www.stern.nyu.edu/globalmacro/