In a Project Syndicate op-ed, Stephen Roach writes that the U.S. should stop blaming China for its massive trade deficit, and notes that the U.S. also runs deficits with 87 other countries. “Without addressing the root of the problem–America’s chronic saving shortfall–it is ludicrous to believe that there can be a bilateral solution for a multilateral problem.”
Read the full article: ‘America’s Other 87 Deficits’: Commentary by Stephen Roach