Re: "Japan's economy went south in part because...."
Japan's economy has a MULTITUDE of issues (the largest, IMO, created by the government bureaucrats --- possibly the most inept economic management among all of the developed world), but that's a different topic then what we were discussing.
Re: "positive results in part from the devaluing of the dollar in the early 70's."
That was then.
This is NOW.
(For example: HOW LARGE a portion of our economy was the manufacturing sector THEN? Vs. how large is it NOW?)
And, of course, my earlier points that you keep ignoring:
1) Most of our trade deficit (90% or so) is with CHINA (& Japan, and the rest of Asia to a lesser degree). Their currencies: MANIPULATED to be CHEAP vs. ours. So, dollar not allowed to 'fall' vs. them... therefore: no significant improvement in trade deficit.
2) Dollar has FALLEN fairly steadily for seven years now (vs. the free-float currencies like Euro, Loonie, Swissie, Pound, etc.) --- but since we don't have large trade imbalances with those parts of the world we have seen NO IMPROVEMENT in the trade deficit.
Dollar down 30% or so over that period vs those currencies (but not vs. Asia!), but NO SUBSTANTIVE IMPROVEMENT (in fact: it's gotten worse...) in the trade deficit....
So, I'll repeat my question: WHEN to you 'expect' to see the 'improvement'? |
