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

[Doug Henwood]

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