It's grossly misleading to compare the trade deficit number to the last 11 years (or any other time period) since the nominal GDP, i.e. not adjusted for inflation, is much larger now than 11 years ago, or even 5 years ago. This year's trade deficit may be the lowest in years, in a non-recession year, as a percentage of GDP.
1 posted on
12/30/2019 11:39:41 AM PST by
lasereye
To: lasereye
All Trump’s fault. Oh wait.
2 posted on
12/30/2019 11:42:18 AM PST by
Timocrat
(Ingnorantia non excusat)
To: lasereye
Actually saw a Bloomberg ad 2 minutes ago on YouTube saying “we got it wrong last time...”.
Yeah. Sure...ok, Mike.
3 posted on
12/30/2019 11:46:43 AM PST by
VanDeKoik
To: lasereye
Awesome!
Way to GO President TRUMP!
4 posted on
12/30/2019 12:15:11 PM PST by
EnglishOnly
(eWFight all out to win OR get out now. .)
To: lasereye
Import tariffs should be sky high until the trade deficit is zero per year.
6 posted on
12/30/2019 12:20:13 PM PST by
central_va
(I won't be reconstructed and I do not give a damn.)
To: lasereye
Right. I believe it’s the lowest and has continued to drop since POTUS was elected.
7 posted on
12/30/2019 12:47:10 PM PST by
MAGAlady
To: lasereye
8 posted on
12/30/2019 1:11:35 PM PST by
familyop
( "Welcome to Costco. I love you." - -Costco greeter in the movie, "Idiocracy")
To: lasereye
Correct. I’d love to see that graph.
It’d also be useful to estimate the impact of the Chinese pig epidemic. They simply have no need to buy as much feed grain from us as in the recent past.
10 posted on
12/31/2019 5:32:15 AM PST by
Paul R.
(The Lib / Socialist goal: Total control of nothing left worth controlling.)
To: lasereye
I’m confused... How can it be the largest in the past 11 years, when it’s the smallest in the past two years?
Are they mixing figures and units like they do for budget ‘cuts’?
To: lasereye
We had trade surpluses during the Great Depression. This stat is a moronic tool used by labor unions and the economically illiterate. Beware!
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