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To: Doctor 2Brains

It sounds like you are using semantics. A raw trade deficit is mathematically impossible, but you must know full well that when we use the term “trade deficity” it is conventionally accepted to mean a trade imbalance between nations.

So when we say the USA experienced a record “trade deficit” it simply means that the value of what we imported was at a record high against the value of what we exported.

I don’t know what phrase you would use for that concept, but it sounds to me like you are berating the use of a technically sloppy phrase rather than disagreeing with an economic concept.


14 posted on 06/21/2012 11:58:52 AM PDT by Freedom_Is_Not_Free (REPEAL OBAMACARE. Nothing else matters.)
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To: Freedom_Is_Not_Free

In your 1st para, you say “trade deficit” is accepted to mean trade imbalance between nations.

In your 2nd para, you say the opposite.

Regardless... a trade balance between nations is possible, it happens, and it is meaningless.

An overall trade balance is impossible.


16 posted on 06/21/2012 12:04:13 PM PDT by Doctor 2Brains (If the government were Paris Hilton, it could not score a free drink in a bar full of lonely sailors)
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