To: freebacon
More idiocy from the "trade deficits don't matter" while "free trade solves all problems" crowd. Don't believe a word he says. This year's 500 billion dollar trade deficit will be spent by foreigners on USA assets that throw off a profit, rent or interest.
On
US government bonds
US factories
US commercial and residential property
US farms
US raw land
38 posted on
03/10/2004 5:35:33 AM PST by
dennisw
(“The fear of the Lord is the beginning of knowledge: but fools despise wisdom and instruction.”)
To: dennisw
Also spent on
US stocks
US commercial paper
39 posted on
03/10/2004 5:36:30 AM PST by
dennisw
(“The fear of the Lord is the beginning of knowledge: but fools despise wisdom and instruction.”)
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