> From 1860 to 1890 the U. S. steel industry increased in size by 1000%%
> each decade.
>
> The steel wasn't being exported. It was consumed in the U. S.
>
> Trade had little to do with U. S. growth.
>
> If the U. S. really is in a permanent recession as many believe, then
> the Chinese will simply sell more stuff to themselves and, like the
> American economy of the industrial revolution, the economy of China
> will simply continue at nearly an 8%% growth rate.
>
> In other words, the Chinese economy will pass the American economy in
> size in a mere 18 years.
>
>
> Bret Cahill