Saturday, February 11, 2012

The Noisy Driver of Economic Growth: Exports

Oh come on now ... really?
Much of the rise in exports is a consequence of domestic problems. The value of the dollar has declined, so that foreigners save money when they buy American. Businesses, struggling to find customers here, are focusing on foreign sales. And a boom in commodity prices, which has raised the price of life for most Americans, has produced a windfall for those who trade in commodities.
Read the entire outlook here.  As always, the comments are intriguing (like the one shown above).

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