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Strategies & Market Trends : Mish's Global Economic Trend Analysis
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To: philv who wrote (25195)3/9/2005 11:59:42 AM
From: CalculatedRisk  Read Replies (2) of 116555
 
I make mistakes too ... but that one was incredible and went to the heart of his argument.

His math:
Trade Deficit as a percentage of GDP: $60/11,000 = 0.00545 = 0.054%

Error 1: First he uses 60 instead of 600.

Error 2: He converts 0.00545 to .054% instead of .54%! ROFLOL.

The actual answer is 600/11,000 = 5.4% of GDP.

Too funny. The actual trade deficit was $617 Billion, here is the official site:
census.gov
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