A strong dollar is supposed to make exports go up, but the data shows it goes down. The trade deficit remains because imports go down too. It is not currency fluctuations that matters, but the economic health of your partners.
Also, look at the graph... if this economic trouble continues... we may be back to 2006 activity levels in 2 years. (Big deal...) Point is, int'l trade still going strong...
John
Monday, October 13, 2008
Trade Data Refutes Policymakers
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