Gary Hufbauer
Gary Hufbauer
rhetoric stepped
The rhetoric will be stepped up on trade.
innovation matter
It's not an innovation problem; it's more a matter of production.
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.
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.