Thursday, November 08, 2007

America's Bush League Economy

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:
"Please take us to Fifth Avenue so we can purchase some of your quaint native costumes."

No comments: