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To: RegulatorCountry
We’re in a bad situation domestically, but the rest of the world appears to be much worse off, at least for now. That’s the upshot, with the dollar situation.

However, the global economy is predicated on a.) we buy everybody else's stuff, then b.) they buy stuff from us.

If they can't afford to buy from us, where are we then?

89 posted on 02/16/2009 8:27:14 PM PST by okie01 (THE MAINSTREAM MEDIA: Ignorance on Parade)
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To: okie01

We’re not all that dependent upon exports, like, say, South Korea, Japan or China are. What they buy from us is treasuries.


98 posted on 02/16/2009 8:31:03 PM PST by RegulatorCountry
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To: okie01

You got it backwards, we buy from them...look at the trade deficit.


258 posted on 02/17/2009 2:10:55 AM PST by nyconse
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