After all, America’s still-large current-account deficit guarantees that the dollar will continue to fall. Even so, the macroeconomic logic that large current-account deficits signal that currencies are overvalued continues to escape the world’s international financial investors and speculators.
事实也许会证明这只是一厢情愿。归根结底，美国仍然庞大的经常帐户赤字注定了美元将会继续贬值。即便如此，大规模经常帐户赤字表明货币价值高估的宏观经济逻辑却继续被国际金融投资者和投机者们视而不见。