Zeev's Turnips Patch-No Politics (ZEEV)

[Bullwinkle]

Well I cannot argue with your point Joe although I would like to point out that China is not the only region in which trade deficits exist (see Goods by Geographic Area within this link)...
http://www.census.gov/indicator/www/ustrade.html

Then there is the issue of foreign debt...
http://straitstimes.asia1.com.sg/commentary/story/0,4386,209353,00.html

Could it be possible that because of these cheap goods coming into our country that inflation has remained in check? I don't know by how much, but it has to be of some significance, no? Then there are company's like Intel in which Asia is the driving force behind their #'s. What would those #'s look like without Asia?

While I may have used the term "2 way street", I feel it is what we make of it. I guess it really could be better characterized as more of a "Catch 22". You may or may not agree and that is understandable. I just feel it's easier to point a finger of blame than to get at the real trouble which could be a combination of things I have already mentioned such as creating opportunity at home and shoring up our poor foreign policy and present relations. I am no economist, but I just do not see how by doing those things could make matters worse. Tariffs OTOH, I just don't know. Anyway, here are some more links that may be of interest...

If Trade Deficits Remain Constant
http://commerce.senate.gov/hearings/0621bak-debt-1.PDF

More on trade deficits
http://www.tradealert.org/view_art.asp?Prod_ID=773


All JTMO (just this mooses opinion)