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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: TobagoJack who wrote (66370)	9/23/2010 7:20:05 PM
From: KyrosL	4 Recommendations Read Replies (2) \| Respond to of 217588

Your logic seems to be upside down. The US needs to cut its imports drastically, while preserving its exports. That obviously eliminates the import financing problem. In an all out trade war the US imports will be cut down drastically. Most US import are frivolous stuff of the "I want" rather than "I need" variety, a lot can be made at a somewhat greater cost in the US, or are energy imports that can be reduced dramatically by simply adopting measures no more onerous than Europe or Japan have in place right now. But a lot of US exports, such as food, are not much affected -- people need to eat. Oil and gas are essential for the next decade or two until the green energy infrastructure is in place, so the US offshore, Alaska, and shale gas reserves will be very useful in a trade war environment. I am assuming that if there is a trade war it starts within the next couple of years.