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What would you have us do? Slap high tariffs on cheap imports?


This would, once again, gain the ire of the WTO, as well as angrying Americans who are hooked on cheap foreign goods.


Whether the dollar can be devalued at a slow enough rate is the question.

There are several ways this can unwind. If it happens through a devaluing of the currency, then I agree that is the key question.

In my prior comment I wasn't trying to imply anything other than the situation presents the risk of increasing inflation. And make an attempt at humor with the "this time its different" phrase since its a popular quote.

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