Comments for The Post Talks About the Trade Deficit Without Mentioning the Over-Valued Dollar at http://www.cepr.net , comment 1 to 12 out of 12 comments http://www.cepr.net Thu, 23 May 2013 06:40:30 +0100 FeedCreator 1.7.3 http://www.cepr.net/index.php/blogs/beat-the-press/the-post-talks-about-the-trade-deficit-without-mentioning-the-over-valued-dollar#comment-2526 Weakening the dollar would raise the price of imported goods, thereby increasing the cost of living. This would particularly impact working people, a large part of whose income goes for food, clothing, and energy and fuel. Dropping the value of the dollar by say 20% would certainly reduce the US trade deficit but the working class would bear the brunt of the cost. - Mel Mon, 30 Aug 2010 06:50:53 +0100 http://www.cepr.net/index.php/blogs/beat-the-press/the-post-talks-about-the-trade-deficit-without-mentioning-the-over-valued-dollar#comment-2501 GHD straighteners allow you to maintain the beauty of your hair. It does not matter whether you have straight or curly hair. - ghd mk4 styler Sun, 29 Aug 2010 18:10:14 +0100 http://www.cepr.net/index.php/blogs/beat-the-press/the-post-talks-about-the-trade-deficit-without-mentioning-the-over-valued-dollar#comment-2500 It is durable and no matter how much carelessly your son uses this jacket, the fine quality of this jacket will be very difficult to fade away. These moncler coats come in leather and often fur lined. These types of jackets are very common in young boys and look quite presentable. - Moncler jackets Men Sun, 29 Aug 2010 18:10:01 +0100 http://www.cepr.net/index.php/blogs/beat-the-press/the-post-talks-about-the-trade-deficit-without-mentioning-the-over-valued-dollar#comment-2470 Vorpal "A lower dollar would make gasoline more expensive, decreasing the amount of oil we use." Cheap oil has caused much trouble in the US, alternately preventing investment in alternatives and efficiency and creating economic dislocations when the price spikes. "GDP is directly correlated to oil consumption, so it is likely that the deficit would decrease because of recession." GDP is correlated with energy consumption. However the output per unit energy input has declined significantly over time as energy efficiency increases. "Moreover, the US would permanently lose purchasing power over global oil exports, and therefore have access to less oil in perpetuity. " Hogwash. It's not that simple, and nobody, especially you, are doing the issue justice. IMHO. - zinc Sat, 28 Aug 2010 11:29:19 +0100 http://www.cepr.net/index.php/blogs/beat-the-press/the-post-talks-about-the-trade-deficit-without-mentioning-the-over-valued-dollar#comment-2465 The US dollar will be overvalued relative to US production because it is the main global reserve currency. Unless the US wants to wipe out its competitors in global war, there is no way to restore US dominance in production to equilibrium with its dominance in world finance. - purple Sat, 28 Aug 2010 08:41:24 +0100 http://www.cepr.net/index.php/blogs/beat-the-press/the-post-talks-about-the-trade-deficit-without-mentioning-the-over-valued-dollar#comment-2445 zinc, those are all conventional wisdom political talking points. I see little basis in fact for any of your statements. The truth is not so convenient. - vorpal Fri, 27 Aug 2010 21:54:41 +0100 http://www.cepr.net/index.php/blogs/beat-the-press/the-post-talks-about-the-trade-deficit-without-mentioning-the-over-valued-dollar#comment-2439 I agree that the mercantilists have to be confronted and managed, especially the communist PRC. For what reason do the people of the US allow the destruction of our jobs base (highly paid industrial manufacturing jobs have a multiplier of 3.2) for the benefit of a totalitarian communist regime in China ? The answer, I think is Walmart and the agricultural lobby, you know, the real mericans. The same is to be said for our energy policy. Home grown synfuels, supported by a large tax on imported fuel, would not make energy cheaper but it would contribute six million jobs to the domestic economy and increase energy efficiency. The trade deficit is really only a symptom of the real problem: the polarization of wealth and income in America. Latin America, as in most of the world, has been stymied by the wealthy controlling the economy, denying others even meager wages in their quest for domination. Now we have it in America where the average family, burdened with paying more of their income for basic services even as their income drops while billionaires pay less and less. It is Plantation Capitilism and it is the sickness that currently engulfs this country. - zinc Fri, 27 Aug 2010 14:03:21 +0100 http://www.cepr.net/index.php/blogs/beat-the-press/the-post-talks-about-the-trade-deficit-without-mentioning-the-over-valued-dollar#comment-2434 What American exports are there? Your argument presumes we have a manufacturing base of note. The comments about the sticky wicket relative to oil are on point as well. - scott Fri, 27 Aug 2010 11:51:31 +0100 http://www.cepr.net/index.php/blogs/beat-the-press/the-post-talks-about-the-trade-deficit-without-mentioning-the-over-valued-dollar#comment-2430 In short, I think discussing the trade deficit without mentioning the petroleum component is just as a agregious as failing to mention currency valuation. - vorpal Fri, 27 Aug 2010 08:08:37 +0100 http://www.cepr.net/index.php/blogs/beat-the-press/the-post-talks-about-the-trade-deficit-without-mentioning-the-over-valued-dollar#comment-2429 I think its important to point out that oil is a large chunk of the trade deficit. A lower dollar would make gasoline more expensive, decreasing the amount of oil we use. GDP is directly correlated to oil consumption, so it is likely that the deficit would decrease because of recession. Moreover, the US would permanently lose purchasing power over global oil exports, and therefore have access to less oil in perpetuity. So, it's not that simple, and nobody is doing the issue justice. IMHO. - vorpal Fri, 27 Aug 2010 08:03:30 +0100 http://www.cepr.net/index.php/blogs/beat-the-press/the-post-talks-about-the-trade-deficit-without-mentioning-the-over-valued-dollar#comment-2428 "If the dollar fell in value, we would buy fewer imports." I guess that means we would not be buying very much due to the fact that not very much is made in the U.S. any more. - CDW Fri, 27 Aug 2010 07:47:36 +0100 http://www.cepr.net/index.php/blogs/beat-the-press/the-post-talks-about-the-trade-deficit-without-mentioning-the-over-valued-dollar#comment-2426 Lower $ also means lower standard of living for us. That's the trade off not many people are ready to take yet. - James Fri, 27 Aug 2010 05:58:23 +0100