Treasury bonds and changes i

Treasury bonds and changes in Fed regulatory policies signal a major shift in macroeconomic policy. The core goal of these changes is to reduce dependence on foreign capital and absorb the massive financing needs of the deficit through domestic resources. This policy framework was named by the Deutsche Bank the Pennsylvania Plan. The report argues that the U.S. is not simply facing a fiscal deficit issue, but a dual dilemma of both fiscal deficit and trade deficit. Capital outflows had previously forced the government เสือมังกร