Welcome to European Tribune. It's gone a bit quiet around here these days, but it's still going.
But experts is not what matters, but the balance of trade (or net exports)

List of countries by current account balance - Wikipedia, the free encyclopedia

Rank   Country   CAB USD, bn  
1  People's Republic of China 371.833
2  Germany 252.501
3  Japan 210.967
4  Saudi Arabia 95.762
5  Russia 76.163
177  Italy -52.725
178  Australia -56.342
179  United Kingdom -105.224
180  Spain -145.141
181  United States -731.214 [2]

En un viejo país ineficiente, algo así como España entre dos guerras civiles, poseer una casa y poca hacienda y memoria ninguna. -- Gil de Biedma
by Migeru (migeru at eurotrib dot com) on Wed Oct 7th, 2009 at 05:32:23 AM EST
[ Parent ]
That's not what we were discussing - you threw out the "American doesn't make stuff anymore" piece of "common knowledge."

But as far as balance of trade - all I'm concerned with is the level of imports required to give the US a North/Western European style quality of life (and yes, I know, economic measures are no a good measure of quality of life, but they're a really good place to start). Consumer culture in the US needs to be replaced with something more likely to result in human happiness.

you are the media you consume.

by MillMan (millguy at gmail) on Wed Oct 7th, 2009 at 05:56:51 AM EST
[ Parent ]


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