Quote:
Originally posted by jaguar
There was an interesting article the other day in the guardian, about the unsustainability of the US 'economic miricle', namely its reliance on a growing trade deficit and dropping unemployment. Every nation has its centuary, i think the US's is starting to come to a close.
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Depends on what is being referred to as the "economic miracle." After all, the US is just coming out of a mild recession. The unemployment rate has stabilized recently, after reaching 5.8% in December. It ran as low as 3.9% in October 2000.
That being said, I don't agree with the US imposing tariffs on foreign steel. I fear that it could lead to a trade war with our allies.