The same is true on the trade side; there could be a range in which foreign claims on the United States just build up without major impact on relative prices. Once the economy gets outside of the credibility range, more significant relative price adjustments become likely.
On the trade side, for example, the continued accumulation of foreign claims on the U.S. economy will raise the issue of whether foreign investors will want to hold an ever-increasing share of their wealth in the form of U.S. assets.