The National University System was established in 2001 to meet the emerging challenges and demands of education in the 21st century. The System is uniquely aligned to connect a diverse population of students to a network of innovative educational programs that are relevant to their lives, careers, and the marketplace and are delivered in a format that respects competing life priorities.
Roger Showley, SAN DIEGO UNION-TRIBUNE
Friday, March 17, 2017
Trade deficit with China
This aerial photo shows new cars in a parking lot in Shenyang, northeast China's Liaoning province. China recorded an unexpected 60.36 billion yuan trade deficit in February, activity at as factories and ports slowed during the Lunar New Year holiday. (STR / AFP/Getty Images)
Kelly Cunningham, National University System
YES: Persistent trade imbalances are unsustainable in the accumulation of foreign debt. In structural terms, the trade deficit indicates productive capacity of the U.S. economy is too small relative to spending. Deficits of such magnitude depress the American economy and will have serious political repercussions. As debt accumulation goes on, credit-worthiness will eventually crumble and the U.S. dollar will crash. Soft depreciation of the dollar is surely better than abrupt currency collapse in the future.
Call (858) 642-8498 to receive more information.
© 2017 National University System Institute for Policy Research. All rights reserved. Privacy Policy
National University System Institute for Policy Research is part of the National University System.