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© Copyright 2015 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.U.S. trade deficit jumps to 6-year high of $51.4 billion
By MARTIN CRUTSINGER WASHINGTON©2024 GPlusMedia Inc.
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wtfjapan
might be time for some more fed QE, we all know its not currency manipulation right!? but it still lowers one currency making exports cheaper........hhhmmmmm
Serrano
"a flood of imports "
This is great news, it means the U.S. economy is booming!
jeff198527
Only in Bizzaro world, Serrano. The U.S. has been bleeding red ink for decades and will eventually run out of blood.
SuperLib
I always get a kick seeing you compare decades of Asian currency manipulation with a US policy that was created to combat a global meltdown less than 10 years ago.
wtfjapan
call QE what you like, it still has the same desired effect of lower ones currency, when the Feds QE was in full swing exports were up repatriated profits were up, now all thats stopped theres been a down turn in both. might be time for a those US senators to starting complaining Japan , China and Co are currency manipulators. The G8 IMF etc have never labelled either country a manipulator which isnt illegal by the way. UK EU US China Japan etc all do it just label it something else, for any one of those to label the other a manipulator just make them look like hyprocites
Serrano
"Only in Bizzaro world, Serrano. The U.S. has been bleeding red ink for decades and will eventually run out of blood."
By "red ink" if you mean budget deficits, heck, yeah, the USA has been runnin' 'em up! Amazing, er, bizarre, how the U.S.can have a $17 trillion debt and still be the number 1 economy!
SuperLib
This is a textbook case of false equivalency, right?
http://en.m.wikipedia.org/wiki/False_equivalence
jeff198527
The U.S. is number one? Why is the U.S. education system, infrastructure, etc. so poor then? America is in decline.