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Don't Get Too Excited About The Falling US Trade Deficit: Remember The J-Curve

Published by Forbes on Wed, 04 Nov 2015


We've the numbers for the US trade deficit and there's been an interesting fall in it. This is normally taken to be good news: and indeed it can be. However, as ever, the economy is complicated: the thigh bone really is connected to the hip bone as the medical fraternity [...]
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