In some ways, today's market has made rebalancing even trickier.
If concerns over the European debt crisis lead to a stronger dollar, as seems likely, that too will make the rebalancing and export goals more elusive.
And Congress is likely to authorise the sale of four pensioned-off frigates to Taiwan.Be careful what you wish forChina's reaction is perhaps the most fundamental of all the factors making the rebalance so tricky.
Alexander Jan, director of city economics at engineering giant Arup, has summed it up like this: Ever since the war, attempts have been made to rebalance growth in the UK.
"It is good news for Scotland and will help us build on the positive changes we are making to rebalance our economy".
Their need for equilibration makes people rebalance their cognitive structures, which can be achieved by assimilating new information or by restructuring existing knowledge, which enables novel insights or even the revision of existing beliefs.
If you have a small portfolio and rebalancing means selling or buying slivers in positions of $5,000 or less, "then it might not make sense to rebalance too frequently," Mr. Rogé said.
And Charlie Bean agrees that the process of "creative destruction of capital" has been less rapid after the last recession because the Bank cut interest rates so low (ie, 'zombie firms have been able to keep operating) 10.08am BST How much progress have we made towards rebalancing the UK economy, asks George Mudie?
Mr. Sarkozy wants to make progress in rebalancing currencies and lessening their large fluctuations while bringing more stability to the prices of basic commodities.
Periodically they make an effort to rebalance, but it feels forced and accusatory, "too much like keeping score," as Bill puts it.
