soula avramidis Why is it that after some considerable depreciation of the dollar, the US trade deficit persists? 1 because of hysteresis 2 the east Asian and Chinese currencies are pegged to the dollar 3 because US consumer spending is financed by low interests loans 4. other, specify?
Trade deficit, the most basic of definitions: The value of a nation's imports exceeds the value of its exports. Snide aside: The US has no exportable product except technology, and almost everything used in "daily life" by the average American is imported. A little lopsided. The dollar needs to be devalued to dollar-ette. Snide aside out of my system.
