Gary Hufbauer
Gary Hufbauer
banks good hurt lent loans money today
Many of our banks have lent money to Brazil, and some of those loans may not look so good today after the devaluation as they did before. so banks will be hurt, or some banks will be hurt and the stockholders in those banks will be hurt.
innovation matter
It's not an innovation problem; it's more a matter of production.
rhetoric stepped
The rhetoric will be stepped up on trade.
abide countries defensive five foot four mode number shoe
Four or five years ago, the U.S. was very much in the mode of urging other countries to abide by decisions, but the shoe is on the other foot now. The U.S. is on the defensive on a number of these cases.
abroad afraid problem profile trade
The problem is that she does not have the profile that Portman does, and I am afraid that will be read abroad as a downgrading of the trade portfolio.
dollars firm link means obligated production shifted spending weaker
U.S. multinationals are still spending most of their R&D dollars here in the U.S. -- about 90 percent. It could shift, but it has not shifted yet. Where the link is weaker that just because a firm does its R&D here by no means means it's obligated to do its production in the U.S.