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Reply #2: Oh, the TRADE Deficit [View All]

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Home » Discuss » Archives » General Discussion: Presidential (Through Nov 2009) Donate to DU
On the Road Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Apr-02-05 04:57 PM
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2. Oh, the TRADE Deficit
The US has given foreign central banks a dilemma best characterized as:

If you owe your bank $100 thousand and you can't pay, you're in trouble. If you owe them $100 million and you can't pay, the banks in trouble. At some point, though, creditors are going to cut their losses.
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