tag:blogger.com,1999:blog-112858682011-04-21T17:54:03.887-07:00Time To Think About Thingsanonymousnoreply@blogger.comBlogger11100tag:blogger.com,1999:blog-11285868.post-1110185234736329412005-03-07T00:41:00.000-08:002005-03-09T13:10:59.456-08:00Considering that the government and external deficits both so large and the private sector so heavily indebted, it is always said that satisfactory growth in the US cannot be achieved without a large, sustained and discontinuous increase in net export demand. After perusing the trade data from last year, it is doubtful whether this will happen spontaneously through a continuous fall in the external value of the dollar, and it certainly will not happen without a cut in domestic absorption of goods and services by the US which would <br />impart a deflationary impulse to the rest of the world. <br /><br />Well with this certainly, the establishment would brush them aside. But do not dismiss the possibility that dramatic change and epic political reforms lie ahead. As we have said many times before, Washington's elites will not go down without a big fight.<div class="blogger-post-footer"><img width='1' height='1' src='https://blogger.googleusercontent.com/tracker/11285868-111018523473632941?l=time2think.blogspot.com' alt='' /></div>anonymousnoreply@blogger.com