In deeper US Trade deficit, good news for world's economy

Washington Post, Sept. 11, 2009 on page A21: To quote below:

"Economists are hoping that a rebound in global economies as well as further weakening in the value of the dollar will help boost exports in coming months. A weaker dollar makes US products less expensive overseas."

Comment: It is good for American exporters to sell products in other nations. Chinese folks love American products and there is the marketing potential to boost exports to China. Americans like to buy Chinese goods for saving money in USA. It is common sense to pay attention to the pocket books for consumers to remember the economic concept to maximize and to optimize the situations with human behavior in action everyday,everywhere in the world.

Joel Naroff, president of Naroff Economic Advisors, wrote in a note to clients. "This was a positive report in that it provides further evidence that both the US and foreign economies are coming back."

Comment: I would not start my firm as Joel Naroff did. I merely wish to keep readers to be aware the fact that US-China economics in action is beneficial to USA and China in the 21st century. It is high time to validate and to implement the Law of Comparative Advantage that I learned at St.John's University in Shanghai from 1943-1946.

Francis Shieh a.k.a. Xie Shihao on September 11, 2009 at 11 a.m.