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The U.S. International Investment Position

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The U.S. has financed its persistent trade deficits by issuing financial claims against its future output to the rest of the world. As a consequence, foreigners now hold more than $2.1 billion in net claims against the U.S., an amount exceeding 23% of our gross domestic product. Does mortgaging tomorrow’s output for today’s imports imply a lower standard of living sometime in the future?

Suggested citation: "The U.S. International Investment Position," Federal Reserve Bank of Cleveland, Economic Trends, no. 02-04, pp. 09, 04.01.2002.

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