Don't Blame Me, I Voted For Kerry Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Politics : Don't Blame Me, I Voted For Kerry

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: JakeStraw who wrote (22050)	5/12/2004 2:25:48 PM
From: Kenneth E. Phillipps	Read Replies (2) of 81568

US record deficits The OECD pointed out that both the US trade deficit and the US budget deficit are the largest on record, pointing up the unbalanced nature of world economic growth so far. It devoted an entire chapter of its World Economic Outlook to the problem of the $500bn US trade deficit, and warned that reversing that deficit could cause serious problems for the rest of the world. One way to cut the deficit would be for the US dollar to fall another 25%, but that would hurt non-US exporters severely, especially in the eurozone, prolonging the recession. Other major exporters, like China and Japan, would also be affected. Conversely, the US could reduce the deficit by dramatically slowing its own rate of growth. But the OECD suggested that the US growth rate would have to be cut in half (from 4% to 2%) to reduce demand for imported goods enough for this to work. Alternatively, taxes would have to be raised by 6% of GDP, or $600bn. Both of these actions could have a severe effect on the US economic boom, ensuring a jobless recovery. news.bbc.co.uk

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next