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Trade Deficit at All-Time High of $665.9B
by Mike the Usurper at 12:35 pm EST, Mar 16, 2005 |
] The current account trade deficit is closely watched by
] economists because it is the broadest measure of
] international trade, covering not only trade in goods but
] also trade in services and investment flows between
] nations. The deficit for 2004 was not only a record in
] dollar terms but also as a percentage of the total U.S.
] economy, climbing to 5.7 percent of the gross domestic
] product, up from 4.8 percent of GDP (news - web sites) in
] 2003. And the bleeding continues. Something else of note, elsewhere in the article they make the point that the dollar has been on a three year slide, meaning foreign goods are getting more expensive, yet the trade imbalance continues to grow. Something in that says there is a huge problem. "Don't cry for me Argentina..." |
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RE: Trade Deficit at All-Time High of $665.9B
by Decius at 2:41 pm EST, Mar 16, 2005 |
Mike the Usurper wrote:
] "Don't cry for me Argentina..." Putting things in perspective, thats nearly 3 times the raw valuation of Microsoft. How much work does our economy need to do to equal 3 Microsofts? |
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RE: Trade Deficit at All-Time High of $665.9B
by Mike the Usurper at 5:12 pm EST, Mar 21, 2005 |
Decius wrote:
] Mike the Usurper wrote:
] ] "Don't cry for me Argentina..."
]
] Putting things in perspective, thats nearly 3 times the raw
] valuation of Microsoft. How much work does our economy need to
] do to equal 3 Microsofts? That's three times the valuation of Microsoft in one year, or something in the neighborhood of 30-40 times Microsoft's profit in their best years. depending on the denomination, that's quite literally tons of cash. |
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