I concede the point on Net Exports. In particular, after a discussion in the comments with Jeffrey Brown (the geologist...
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"It's no pipe dream. The U.S. is already the world's fastest-growing oil and natural gas producer. Counting the output from Canada and Mexico, North America is "the new Middle East," Citigroup analysts declare in a recent report."
Jeffrey Brown responds: The Texas Railroad Commission (RRC) sums the reported production from Texas...
So the Eurozone is on the brink of slipping back into Recession. The latest growth figures indicate the growing inequality that the single currency is causing between Europe's countries. The quaterly rates of growth range from -1.3% in Hungary to +1.3% in Finland. Meanwhile, annual rates of growth in 2012...