U.S. foreign debt

[Michael Perelman]

Before when the dollar fell in value exporters to the U.S. compensated by
dropping or even eliminating their profit margins in order to maintain their
foothold in the U.S.

Rakesh Bhandari wrote:


> Just not that sanguine about a compensatory pick up in exports due
> to dollar devaluation however open other countries remain.

--

Michael Perelman
Economics Department
California State University
michael at ecst.csuchico.edu
Chico, CA 95929
530-898-5321
fax 530-898-5901