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Through September 29 2013 www.ukrainianmuseum.org
Posted by Curt on January 28, 2005 at 23:49:15:
In Reply to: a buck posted by mseidner on January 24, 2005 at 07:55:28:
You are right about the deficits, and a lot of it has to do with the dependence of the U.S. on the importation of oil, but even with that... the countries of Europe and Japan import a larger percentage of oil they use than the U.S.? However, that is not my issue...
In regards to your 10 year economic forecast, there is a huge trade deficit occuring in the U.S., especially with China! It has been occuring for a long period, and normally this situation would be self correcting because the Chinese Yuan would increase in value relative to the dollar. The problem is, the Chinese government is holding down the Yuan, and not allowing it to adjust to market changes...
Eventually, China will have to make this change, and when this occurs...a significant portion of the U.S. trade deficit will diminish. Unfortnately, so will the great deals at Walmart...
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