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IMF: U.S. must increase exports, currency must be revalued

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SCOOBYDOO



IMF: U.S. must increase exports, currency must be revalued
IMF: U.S. must increase exports, currency must be revalued


Posted on 13 April 2011 by Michael Stumo.


From an IMF report released Monday, 4/11/11:


The report also said the United States needs to increase exports and that, in turn, depended on the willingness of other nations to let their currencies float freely.


“It has to come from exports for the United States to be able to sustain growth,” said Olivier Blanchard, one of the authors of the report. “Something needs to happen in the rest of the world, and it is not happening, or it is not happening fast enough.”

The I.M.F. warned that the world economy was growing on an unsustainable basis because developed nations were borrowing too much and developing nations were relying on exports paid for with that borrowed money, rather than taking steps to build sustainable domestic consumption.





http://www.tradereform.org/2011/04/i...t-be-revalued/

Guest


Guest

United States needs to increase exports......HMMMMM corporations sent that oversea's!!!

lionheart

lionheart

yeah, and to mexico to. I picked up a load of light bulbs for appliances in upstate Indiana, they came from china, the place I was loading them's job was to take each one out of bax and test, put back in box and ship to mexico to put in appliance then return to the us

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