MB Civic

By Robert J. Samuelson | Monday, May 3, 2010 | The Washington Post

“…The massive trade imbalances have dropped sharply. The U.S. trade deficit fell from $760 billion in 2006 to $379 billion in 2009; China’s trade surplus also dropped. But these changes mostly reflect the Great Recession. The worsening slump caused people and companies to stop spending. Global trade contracted sharply — and with it the size of imbalances. But as the recovery has strengthened, trade and imbalances are growing again….”…BS

http://www.washingtonpost.com/wp-dyn/content/article/2010/05/02/AR2010050202471_pf.html