EconWatch.com > The Trade Deficit May Have Peaked, But the Current-Account Deficit Probably Has Not

[Grasping Reality with Both Hands: Brad DeLong's Semi-Daily Journal] Jim Press, the senior-most American executive at Toyota, said last month that Toyota's North American production ratio is slipping because of a sudden surge of demand in the U.S. for smaller fuel-efficient cars that coincided with a run-up in gasoline prices last year. The NAP ratio slide is "temporary" as Toyota is meeting an unanticipated rise in demand for small cars, which Toyota doesn't produce in North America....

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[Delong.typepad.com] Grasping Reality with Both Hands: Brad DeLong's Semi-Daily Journal ...: The story of Huey Long in Louisiana (fictionalized in Robert Penn Warren's brilliant novel All the Kings Men, crypto-fascist radio broadcasters like Father Coughlin over the airwaves, California's treatment of Depression-era migrants from other states that we read about today only in The Grapes of Wrath, and the white-hot hatred for Roosevelt as a class traitor--up until his dying day, my grandfather who lived to be 98 would still say the country was lucky to have survived Roosevelt.

http://www.rgemonitor.com [Rgemonitor.com] RGE - Brad Setser's Web Log: Yes, people in China—and in India, or Brazil, or the Persian Gulf—are saving tons of money, in large part because they're selling goods and services to wealthy Americans and Europeans. But they don't trust their own poorly developed capital markets, banks, or corporations to take good care of their yuan, reais, and rials .

Money.cnn.com[Money.cnn.com] Toyota pressured to boost NAmerican output - report: Toyota's North American production ratio -- a figure that measures how localized and 'American' Toyota is by comparing the number of vehicles Toyota builds in North America with its imports from Japan -- has been plunging because of surging imports, the paper's online edition quoted company insiders as saying.

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