Three Economic Myths Just Got Busted
So the three myths that we can put in the coffin are:
* The consumer is dead.
* The US doesn't make anything.
* The Chinese consumer doesn't buy anything.
This is fantastic news!
* We're not dead.
* The US makes something.
* The Chinese consumer buys something.
There's just no arguing with the logic of it. Here is one of the more popular comments in response to this cutting edge analysis.
Wake me up when we run a trade surplus. - John
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