Famous quote by John W. Snow

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Well, the U.S. is running a current account deficit we are creating lots of investment opportunities in the United State
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"Well, the U.S. is running a current account deficit; we are creating lots of investment opportunities in the United States that exceed our own domestic savings rates, so the issue here is to encourage higher savings rates in the United States"

- John W. Snow

About this Quote

This quote by John W. Snow is referring to the current financial scenario in the United States. The U.S. is running a bank account deficit, indicating that the quantity of cash that is being spent is higher than the quantity of cash that is being conserved. This deficit is creating investment chances in the U.S. that exceed the domestic cost savings rate. For that reason, the issue is to motivate higher cost savings rates in the U.S. in order to decrease the deficit and develop a more steady economic environment. This could be done by offering rewards for individuals to save more, such as tax breaks or other financial incentives. It might also be done by increasing public awareness of the importance of conserving and investing for the future. Eventually, the objective is to create a more balanced economy in the U.S. that is not reliant on foreign investment.

About the Author

USA Flag This quote is written / told by John W. Snow somewhere between August 2, 1939 and today. He/she was a famous Economist from USA. The author also have 26 other quotes.

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