Trade deficit as defined by those 4 charts I posted
Warren Buffett on trade deficits
The successful American businessman and investor Warren Buffett was quoted in the Associated Press (January 20, 2006) as saying "The U.S trade deficit is a bigger threat to the domestic economy than either the federal budget deficit or consumer debt and could lead to political turmoil... Right now, the rest of the world owns $3 trillion more of us than we own of them."
Now, the minute you find it convenient, you combine the two to mitigate the fact that you were wrong. Hypocrite.
Those 3 things are different? Don't tell dennisw, he's been conflating them for years.