FastSaying

A trade deficit like this is unacceptable, ... It lowers our GDP growth.

Peter Morici

GrowthTrade

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The outlook remains poor, ... Production cutbacks at Ford and GM, mediocre personal income growth and record trade deficits all bode poorly for economic growth and jobs creation.
β€” Peter Morici
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The overvalued dollar will contribute mightily to the US trade deficit until the Bush administration takes decisive action.
β€” Peter Morici
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As long as housing prices don't go down, consumers have more equity they can borrow against. If mortgage rates go up another 1.25 or 1.5 percent and pierce 7 percent -- watch out. That's when the housing bubble bursts and consumers would cut back on spending a lot.
β€” Peter Morici
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But when you find someone working on the assembly line at General Motors is making more than a Detroit policeman, you see that support start to decline.
β€” Peter Morici
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This is a fig leaf. It's an attempt by the Chinese to do the least amount possible,
β€” Peter Morici
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πŸ’‘πŸ’­πŸŽ―πŸŽ―πŸ’«