The global economy and Detroit
On Thursday, Brad Setser, who follows international money flows more closely than anyone else in the econoblogosphere, noted that September's trade statistics detailed a sharp (month-to-month) 8 percent drop in U.S. exports. This is bad news, as Paul Krugman emphasized on Saturday, because export growth has been one of the few sectors of the American economy performing decently during the recent… » Full Story on Salon.com
