swallow this, whole line and sinker...
Germany had run a trade surplus for years, as had Japan. But, not U.S.
We run a multi-billion US$ deficit with Mexico, Canada, Venezuela and Sudan each month.
Christmas toys & clothing from China for U.S. is bad; expensive crude oil from Chavez for your hummers, pickups & Lincolns is Good.
How odd is that.
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The trouble with 'global imbalances'
http://money.cnn.com/2010/11/23/news/international/global_trade_imblances_rebalancing/index.htm
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