SLI plays down US current account deficit fears

Milligan asserted that the US current account deficit has begun to improve since late 2006, with US exporters profitably gaining market share. He argued that if overseas investors were wary about holding US dollars, they would already have begun to pull out. Milligan pointed to the US Treasury International Capital (TIC) report - which has consistently shown sufficient inflows to match the trade deficit - as indicative of investors putting money into the US. "We must never forget the sheer size of US markets compared with other countries. Government and agency bonds are still attracti...