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I find the fact that imports dropped by something on the order of a quarter between 2009 and '10 to be encouraging. That looks like there's considerable elasticity in the imports.

Of course, it may well be that that was the low-hanging fruit and they're about to hit bedrock [Jake's Mixed Metaphor TechnologyTM]

- Jake

Friends come and go. Enemies accumulate.

by JakeS (JangoSierra 'at' gmail 'dot' com) on Tue Apr 5th, 2011 at 08:32:25 AM EST
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