Can the United States Be Really More than Just the Global Consumer?

by
George Dorgan
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Yesterday’s weak ISM PMI under 50 shows that finally also the United States are in contraction as for industrial production. The dollar is simply too strong. The Americans consume, but the US trade deficit gets bigger. The Chinese, Japanese,  Germans and some global US firms take the profits on it. The global imbalances are getting bigger.

Today a worth-reading “propaganda” paper came out. In this paper the United States Council  for International Business and two other US organizations claim that these global US companies even create jobs in the United States, not only abroad.

About George Dorgan

George Dorgan (penname) predicted the end of the EUR/CHF peg at the CFA Society and at many occasions on SeekingAlpha.com and on this blog. Several Swiss and international financial advisors support the site. These firms aim to deliver independent advice from the often misleading mainstream of banks and asset managers. George is FinTech entrepreneur, financial author and alternative economist. He speak seven languages fluently.

My articlesMy siteAbout meMy books
Follow on:LinkedINTwitterSeeking AlphaCFA SocietyEconomicBlogs