US Dollar remained artificially strong
Some of the Asian proceeds from US spending on Asian imports were used to build up foreign currency reserves in the US dollar, and the demand kept the US dollar artificially strong and made Asian imports continue to appear cheap to US consumers.
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People encouraged to live beyond their means »People encouraged to live beyond their means
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Positive feedback loop with US buying Asian-produced imports »Positive feedback loop with US buying Asian-produced imports
US Dollar remained artificially strong
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