We never had an economic relationship with Russia before the fall of the Berlin Wall, so we could push Russia, and there was never any risk of economic war. Our relationship with China is much more complex.
More Quotes from Jay Bryson:
Sooner or later, foreigners will stop financing the deficit. But at this point they show no signs of slowing down. If there were trade barriers that caused Americans to buy significantly less imports, production here would go up a little, but the thing that would take the brunt of the reduction is that our spending would go down as prices went up. We would have less of everything.Jay Bryson
I guess if there's any surprise it's that I would have thought exports would have grown a little more than they did. But in the second quarter everyone else had weaker economies, although more recent signs are that things abroad are picking up. So maybe June was too soon to look for an increase.
Jay Bryson
It's not just China, it's not just oil. We spend more than we produce, end of story.
Jay Bryson
If things start to go really badly in Iraq, and we have a long conflict and have to destroy a lot of infrastructure, that would be very dollar negative because we will get stuck holding a lot of the tab for that, at a time when we have budget deficits going out as far as the eye can see.
Jay Bryson
European governments have a card they could play in the current crisis token assistance in the rebuilding of Iraq, which would largely stick the United States and the United Kingdom with the entire tab.
Jay Bryson
My expectation was the trade deficit would increase anyway into the low 60 (billion dollar a month) range. A 70 billion (monthly trade gap) sounds like a stretch, but we could be looking at the mid to high 60s now.
Jay Bryson
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Jim Jarmusch
The weeping voices rise straight up and strike the clouds. A passer-by at the roadside asks a conscript why, The conscript answers only that drafting happens often.
Du Fu
What we feel and think and are is to a great extent determined by the state of our ductless glands and viscera.
Aldous Huxley