Whenever a has reaches and stays at a current account deficit of 5% its currency is devalued. According to latest figures and The Economist the US current account deficit is now 5.5.%. Dollar devaluation should eventually get the current account deficit below 5%.
I like this line in the cartoon:
I like this line in the cartoon:
"Please take us to Fifth Avenue so we can purchase some of your quaint native costumes."
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