Old habits must change - The Banker


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Old habits must change

Published: 
03 January, 2005

Peter G Peterson of The Blackstone Group believes that the key to US stability lies in reducing US consumption and imports.

As part of my recent book, Running on Empty, I interviewed a dozen leading global capital market experts about the sustainability of the US’s unprecedented current account deficit of nearly 6% of GDP, about $670bn annually.

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