According to Ben Bernanke, the primary cause of the U.S. current account deficit of the early 2000s was:

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According to Ben Bernanke, the primary cause of the U.S. current account deficit of the early 2000s was a global savings glut that decreased interest rates and led to an excess of investment over savings in the United States. This made it cheaper for the US to borrow from foreign investors, leading to a surge in borrowing and spending.

According to Ben Bernanke, the Primary Cause of the U