What happens when the U.S. stimulates consumer demand when the rest of the developed world pushes austerity measures.... the below.
Source: Census
Wednesday, August 11, 2010
Not Sustainable... Trade Edition
Source: Census
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Nice graph. We really do not make much stuff here anymore! At least we did not need to import much food, this may come in handy.
ReplyDeleteYes, and, accordingly, you can now place me firmly in the Krugman camp, tariff-wise.
ReplyDeleteAs the Great Captain once said: "Shields up, Mr. Scotty, shields up."
And we shall see if the photon torpedoes become necessary.