Wednesday, April 20, 2005

One thing no one seems to be noticing with all this talk of trade deficits is that US exports are at record high levels, both in absolute terms and as a percentage of GDP.

How would we account for record highs in both imports and exports? The simplest explanation is that the global economy is booming, but no one seems to be saying that.


Blogger Erich Riesenberg said...

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7:45 PM  

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