To: dennisw
...That's how Japan has run a trade surplus for three decades...Read this! It's a short explanation on how "net exports" equal "net capital outflow". The author's parting shot is this, "Increasing our rate of saving will reduce the need for capital imports and, correspondingly, will have a positive effect on our trade balance." The whole page is short in length and quite informative.
55 posted on
02/23/2004 4:54:06 AM PST by
LowCountryJoe
(Shameless way to get you to view my FR homepage)
To: LowCountryJoe
In don't waste my time anymore reading such nonsense, trying to sooth us and explain away our huge trade deficits. I know a trade deficit and a Federal deficit when I see one. Both are about 500 billion per annum.
61 posted on
02/23/2004 4:59:23 AM PST by
dennisw
(“The fear of the Lord is the beginning of knowledge: but fools despise wisdom and instruction.”)
To: LowCountryJoe
OK.... I scanned it real quick. Nothing new there for me. Same old jive that our trade deficits are not a problem.
66 posted on
02/23/2004 5:02:26 AM PST by
dennisw
(“The fear of the Lord is the beginning of knowledge: but fools despise wisdom and instruction.”)
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