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Pastimes : Let's Talk About Our Feelings!!! -- Ignore unavailable to you. Want to Upgrade?


To: MulhollandDrive who wrote (96778)3/1/2005 4:11:50 PM
From: epicure  Respond to of 108807
 
Well

" Net exports are slowing as lower growth abroad produces slowing growth of U.S. exports while, even with a weaker dollar, spending on imports has continued to rise. During the twelve months ending in November, U.S. export growth was 6 percent, down sharply from 15 percent in 2003. U.S. import growth during that same period was about 20 percent--down from 27.8 percent in 2003, but still substantially above the growth rate of exports. Summing up the 2005 growth forecast, 1.6 percentage points of growth from consumption and a total of 0.8 percentage points of growth from business fixed investment, residential investment, and inventories gives an overall growth forecast of 2.4 percent."

aei.org

I find the rate of exports vs imports very problematic. Add to that the fact that we are in large part exporting raw materials and one time purchases of manufacturing equipment (often from our dying manufacturers) to China, and I think we are looking at a pretty significant problem.