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By Richard Fernandez

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Beads on a String

August 9, 2010 - 6:11 am - by Richard Fernandez
Charles
2010-08-09 19:14:39

51. hdgreene

The trade deficit is result of high government debt and low domestic savings. Cutting the budget deficit will help improve the trade deficit and make foreign trade less contentious.
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As well, from the other end, converting short haul busses and trucks to natural gas will collapse the demand for foreign oil and take a large chunk out of the trade deficit while cutting down the cost of oil world wide. Thus by defunding the bad guys, hardening the dollar, and promoting world wide prosperity with lower oil prices –the result will be that foreign trade relations will be less contentious.