Re: thinktank says US will owe $100 billion
 

Jay,

What is the next step? Is it the WTO determining the type and amount of sanctions? Also, what is the time frame for this next step to be decided? And what is the time frame for Antigua to start taking action on the sanctions? Thank you.

John

Re: thinktank says US will owe $100 billion
 

Problem is, we mainly export capital goods and IP (technology, movies, etc)

Re: thinktank says US will owe $100 billion
 

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Jay,

What is the next step? Is it the WTO determining the type and amount of sanctions? Also, what is the time frame for this next step to be decided? And what is the time frame for Antigua to start taking action on the sanctions? Thank you.

John

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Re: thinktank says US will owe $100 billion
 

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Problem is, we mainly export capital goods and IP (technology, movies, etc)

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Nope, agricultural products are our primary exports.

Jimbo

Re: thinktank says US will owe $100 billion
 

The hearing was last Thursday the 18th.

The panel gave both sides written questions. I don't know the nature or the number of them. I am not sure when they are due, probably in one or two weeks.

After that, we wait. That's what's next.

Re: thinktank says US will owe $100 billion
 

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You know nothing about economics, obviously.

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Only macro and micro economics at university level, a quite bit beyond the 101 stuff you get in college.

So I guess that you teach post grad economics? Or hold a doctorate in economics? Or?

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You lamented that the weakening dollar will hurt the United States' ability to export. It's the opposite. When the dollar is weaker, that means other currencies are stronger. Thus, other countries, as well as their businesses and residents, can afford to buy more U.S. goods and services. Thus, U.S. exports increase and the trade deficit shrinks. Of course, there are negatives to a weaker dollar, but it's not all bad.

If I'm completely wrong, I will not take offense to being corrected. [img]/images/graemlins/wink.gif[/img]

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I don't think it was the weakening dollar he was refering to...I think it was the, "Oh, um...we need to cancel our original order of 6,000 and we'll only need copy of (Invincible/MS Vista/Guitar Heroes 3/etc) thanks."