http://donklephant.com/2005/07/13/trade-and-budget-deficits-are-down-but/ Big Teeth. Huge Ass. Surprisingly Reasonable. Sat, 30 Aug 2008 06:58:46 +0000 http://wordpress.org/?v=2.6.1 http://donklephant.com/2005/07/13/trade-and-budget-deficits-are-down-but/#comment-110 Matt Fri, 15 Jul 2005 03:17:57 +0000 http://donklephant.com/2005/07/13/trade-and-budget-deficits-are-down-but/#comment-110 I agree with Tom. They send use goods, we send them pieces of paper. I do not see a problem. I agree with Tom. They send use goods, we send them pieces of paper. I do not see a problem.

]]> http://donklephant.com/2005/07/13/trade-and-budget-deficits-are-down-but/#comment-62 Tom Grey - Liberty Dad Thu, 14 Jul 2005 05:28:51 +0000 http://donklephant.com/2005/07/13/trade-and-budget-deficits-are-down-but/#comment-62 The Trade Deficit is over rated as an issue -- usually it's fully balanced by a combination of currency adjustments and foreign investment. Meaning China, Japan, Korea, & Taiwan are holding huge US reserves, and if the dollar declines too much, too fast THEY lose tons of money. And THEY lose their export-oriented jobs (to which they are addicted to about as much as the US is addicted to lowest price mass quantity consumption.) The Trade Deficit is over rated as an issue — usually it’s fully balanced by a combination of currency adjustments and foreign investment. Meaning China, Japan, Korea, & Taiwan are holding huge US reserves, and if the dollar declines too much, too fast THEY lose tons of money.
And THEY lose their export-oriented jobs (to which they are addicted to about as much as the US is addicted to lowest price mass quantity consumption.)

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