[lbo-talk] Wolf: The US deficit needed is 10% of GDP indefinately

Doug Henwood dhenwood at panix.com
Tue Jan 13 07:43:45 PST 2009


On Jan 13, 2009, at 7:02 AM, Charles Turner wrote:


> If so, is Wolf asserting that "balancing" is the requirement for
> countries like China to consume more of what they produce, and the
> U.S.
> to produce more of what it consumes?

Yup, that's it.

Doug



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