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Strategies & Market Trends : Mish's Global Economic Trend Analysis
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To: Proud Deplorable who wrote (83345)8/17/2008 9:48:25 PM
From: SouthFloridaGuy  Read Replies (1) of 116555
 
<<The USA has nothing it manufactures that the world needs or wants.>>

Dude I am not going to respond to idiotic, broad sweeping statements with no basis.

If the USA had nothing the world wants, exports would be $0 so clearly that's not true. But that's extreme, so we'll take it another step.

If the USA had nothing the world wants, then exports would not be growing at high double digits p.a. and in fact faster than China (FACT). But let's take it another step further.

If the USA had nothing the world wants, then the non-oil current account deficit wouldn't be contracting at its fastest pace since the early 90's.

If you don't mind now, I'll put you on ignore like the rest of the world.
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