The United States’ trade and current account deficits have begun to shrink relative to American and world GDP. Asian current account surpluses are about to start to shrink as well, especially if growth slows markedly in America in the aftermath of the end of its housing boom.
既然美元相对欧元已经从高位贬值43%，就说明全球金融再平衡的过程已经开始。美国的贸易和经常项赤字相对于美国和全世界的GDP已经开始缩小。亚洲的经常项盈余也即将开始萎缩，特别是如果房产泡沫破灭导致美国经济增长明显放缓。