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Pastimes : A Jackass, his PAL(indrome), and GOLD
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To: Jim Willie CB who wrote (267)1/20/2003 1:34:29 PM
From: yard_man  Read Replies (2) of 1210
 
But the US trade gap is based on "extended" consumption by U.S. -- as that comes in, the trade gap has to correct. Other places in the world aren't on a consumption binge like ours.

Seems to me, our cutting back on imports, will swamp deterioration of exports. Again, why do you believe the opposite -- that foreign consumption will fall as fast or faster than US consumption??
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