[lbo-talk] WSJ: Widening Trade Deficit With China, Rising Jobless Claims

Doug Henwood dhenwood at panix.com
Thu Sep 11 16:12:32 PDT 2003


Dwayne Monroe wrote:


>[Hey, isn't there supposed to be some sort of recovery
>underway? This kind of data suggests quite the
>opposite.]

Higher jobless claims contradict the recovery story, but a higher trade deficit doesn't really - countries growing faster than their trading partners usually see a widening trade gap. I think it's called Thirwell's law.

Doug



More information about the lbo-talk mailing list