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To: 1010RD
My “trade deficit” with my grocer, car dealer and local hotdog stand are enormous. Those jerks never bought a thing from me, but I am happy and so are they.

You forgot to include the trade surplus that you have with your employer. And if you do include that, and your net "trade" account is still in deficit, then you are spending more than you are earning and consuming more than you are producing.

Unless you are sufficiently wealthy to die before spending down or selling off all of your assets, good luck with that.

256 posted on 03/16/2009 11:06:41 PM PDT by Colorado Buckeye (It's the culture stupid!)
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To: Colorado Buckeye

Reminding the rest of us that you hold a trade surplus in services (just like the U.S. has with the rest of the world, by the way) because you hold a job has nothing to do about your goods trade deficit with the grocery store.


258 posted on 03/17/2009 4:41:23 AM PDT by 1rudeboy
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To: Colorado Buckeye

My trade surplus with my employer is just a trade deficit with his clients in the end, no?

There is no such thing as a trade deficit or surplus. There is just trade.

The idea that trade must be balanced is absurd on its face.


261 posted on 03/17/2009 6:15:57 AM PDT by 1010RD (First Do No Harm)
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