What's so funny about that ?
Just because the chineese are not in control of their growth (big miracle !) it doesn't mean that other economies can't be screwed either.
Alan was a printer - not a banker - and you guys are broke.
People who don't understand economics often claim that because the US has a trade deficit that we are somehow in trouble economically. To show the folly of that assumption, I point out that Japan, which has had a large trade surplus for decades had a 15 year deflationary recession since the late 80s.
I also point to Germany which has had a large surplus for decades and tends to have double digit unemployment and anemic GDP growth.
and you guys are broke.
Unlike you guys? LOL!