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That's the funny thing, the USD has lost 30-50% of its value versus its biggest trading partners (CAD and EUR) and still it has a CA deficit ex. petrol.

This is the answer to the proposition that the US can export out of this. There's three decades of fake growth in the US which need to be unwound, not just eight years.

Of course, it being America, the poor will pay the most for this, certainly not the guilty.

The Hun is always either at your throat or at your feet. Winston Churchill

by r------ on Thu Sep 18th, 2008 at 05:12:58 AM EST
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