If so I missed it. EU is in trade balance. The core EU of 15 nations. Even the EU-27 is doing well with a small trade deficit 16 billion Euros
You are still getting it wrong. Only a portion of the EU-15 member countries are running a trade surplus.
So by the EU tables we are negative to them by 40 billion EURO a year.
So China is a couple of hundred billion a year Negative on the trade side to th US
Include other countries and that adds up to 500 Billion.
I know many consider China a threat, but why do we run deficits with France, Germany and the UK and others consistently year after year for the last 20 years? China is less than 1/2 the problem it’s overall trade policy in general that is the problem
So the dollar goes to .25% of it’s former value. I want somebody show me a chart, any chart That projects how much more we are going to export under this scenario and compensate me in extra dollars so I am not really paying high food and gas prices and how I am getting richer.
Show me a Chart showing how all those trade dollars are coming back to the US in the form of investment and asset purchases...It’s not happening. If a couple hundred billion of those trade dollars were being pumped back into our economy every year the Dow averages would be at 50,000.
In fact probably what was invested is is being pulled due to the drop in the dollar value for asset protection.
I have said it before, we are like the Indians that sold Manhattan for a few blankets and glass beads, The settlers got the better deal.
The Chinese get in this deal not just the money but a bricks and mortar factory, a tangible asset that is an growing income stream year after year. I get a depreciating asset LCD TV which will be disposed of in a couple of years.
What a deal
http://www.census.gov/foreign-trade/balance/index.html#C