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- Newsgroups: sci.econ
- Path: sparky!uunet!zaphod.mps.ohio-state.edu!saimiri.primate.wisc.edu!sdd.hp.com!apollo.hp.com!netnews
- From: nelson_p@apollo.hp.com (Peter Nelson)
- Subject: Re: Dumping
- Sender: usenet@apollo.hp.com (Usenet News)
- Message-ID: <BzEzxG.2Bq@apollo.hp.com>
- Date: Thu, 17 Dec 1992 17:44:03 GMT
- References: <57376@dime.cs.umass.edu> <1992Dec16.050512.25091@fx.com> <BzEr6J.Dy6@apollo.hp.com>
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- Organization: Hewlett-Packard Corporation, Chelmsford, MA
- Lines: 21
-
- In article <BzEr6J.Dy6@apollo.hp.com> nelson_p@apollo.hp.com I (Peter Nelson) wrote:
-
- > They COULD rise simply because if more US industries go under
- > we will not be exporting enough to create sufficient demand for
- > US dollars. Moreover, massive unemployment and a huge national
- > debt could create social instabilities that could further lower
- > the US dollar. Given this, I could easily see a scenario where
- > if the US car industry went under foreign car prices would rise
- > dramatically.
-
- In today's Wall Street Journal some major US manufacturer's
- association (whose name escapes me at the moment) characterized
- the outlook for US exports as "very bleak". They expect the
- current US trade deficit to widen by about another $15 billion
- and see no hope for relief in 1993 due to the troubled European
- and Japanese economies.
-
-
- ---peter
-
-
-