This means that unless America’s domestic savings rate rises mightily – which it shows no signs of doing – and unless investment expenditure remains abnormally low for the rest of this decade, the supply of loanable funds to finance investment will soon be much less than demand when the current-account deficit narrows to sustainable levels. But when supply is less than demand, prices rise sharply.
这就意味着除非美国国内存款率大幅度上升（目前还没有这种迹象），除非2010年以前，投资支出依然保持现在这种不正常的超低状态，否则当经常项目赤字降低到可持续水平时，用以支持投资的信贷资金很快就会严重供不应求，而当供不应求时，价格就会直线上升。