RILEY: From breadbasket of the world to debt-basket
From: The Washington Times | October 31, 2012
American exports are booming — if you consider U.S. Treasury securities sold to foreigners to be exports. Unfortunately, sales of debt are not counted as exports. Even more unfortunately, large budget deficits have a negative impact on real U.S. exporters.
Just how large a trade problem are the deficits? ...
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