Garrett Barnes Prof Mills WSJ PP#1 1. U.S. Walks Fine Line in Rebalancing Act, Mark Gongloff, 9-10-09, C1 2. Managerial Efficiency, pg 11 3. The US is down from 64.9 billion a year ago because when global trade collapsed last year, imports fell harder than exports. A smaller defecit is a long term benefit for the US economy because it likely means the US doesn’t have to borrow as much from the rest of the world to finance its assumption. A deep recession has been a brutal way to close a trade gap, however, it isn’t sustainable. Rebalancing may prove disorderly, one
This is the end of the preview. Sign up
access the rest of the document.