Persistent U.S. current account deficits have translated into a rising level of indebtedness to other countries.
If the U.S. stopped having deficits there would be lower levels of indebtedness in other countries.
mnli hypothesis: If the U.S. stopped having deficits there would be lower levels of indebtedness in other countries. premise: Persistent U.S. current account deficits have translated into a rising level of indebtedness to other countries.