Indeed: I would expect UK prices to fall slightly. (View Post)

Peter Navarro is - and has always been - an idiot. He represented the steel companies in the fight under the Bush administration to get tariffs imposed on steel imports. The result of the tariffs was… (View Post)

BTW: the easiest way for the US to trade deficit to disappear would be for China to stop purchasing US Treasuries. However... it is fair to say that that would not be a particularly pleasant experien… (View Post)

Rubber degrades over time though: so those tyres and inner tubes are unlikely to last more than a decade. (View Post)

Munchau is absolutely right that the reason that Germany and China run trade surpluses is that they implement policies that surpress consumption (or, to put it another way, they encourage saving). An… (View Post)