"The U.S. has been living in a situation of excesses for too long. Consumers were out spending more than their income and the country was spending more than its income, running up large current-account deficits. Now we have to tighten our belts and save more."

Tighten

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Economist

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About Nouriel Roubini

Nouriel Roubini is an economist known for work on international macroeconomics and financial crises. He is a professor and policy commentator on global markets.

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