11 May 2008

Real Exports are Not Growing

Interesting...When correcting for raw materials, and that is a lot of US exports, things like ore, food, and hides, exports are not growing.

Our export economy is that of a 3rd world nation. It's raw materials and food, not finished goods.

One of the problems that we are facing is that if the dollar falls, we lack the domestic industrial capacity to pick up the slack. It has been dismantled over the past 30 years, and it may take it 30 years for it to recover in any significant way.

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