The US Has Been Running a Huge Trade Deficit for Years: How Can This Happen Without the Dollar Weakening?May 8th, 2017 | © Elliott R. Morss, Ph.D.
The US runs a large trade deficit. How can it without the dollar weakening? Several factors are at work.
Eisenhower warned about the power of the military-industrial complex. The warning was not heeded. The result has been wasteful wars with death and destruction. It has also resulted in a very healthy military industry.
Talks to deal with Greek economic problems are going nowhere. The Greek authorities, the other Eurozone countries, and the IMF cannot agree on next steps. It is time to go in a different direction.