Posted on 10/07/2007 10:40:57 PM PDT by srotaG adirolF
According to what I’ve read Germany has long been the world’s largest exporter and the US has been gaining strongly on it. In the beginning of ‘06 Germany had 1.13 trillion in exports and the US had 1.03 trillion.
Thanks. A great and unfortunately too true post.
I must be getting old. I’m actually shocked, disappointed and depressed at the amount of perfidy, sedition and treason, not to mention the lack of patriotism or even a rational sense of self preservation that exists in this country now.
Why do so many people hate Western civilization when it has contributed so much freedom, rational, pragmatic thought and prosperity to the world?
I just don’t get it.
The other way around - you can aford a trade def. if you got good economy.
Certainly exporting companies will like a weaker $ - but only those who do not use industry metalls and oil as raw material.
The vast streams of foreign investment that allow for a high trade def. will decrease by a significant amount because earnings will suffer from worsening exchange rates.
Wheat, corn and sugar will be exported because the prices are breaking any barrier at the moment - so prepare for life costs to double.
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