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To: Jim S who wrote (37470)7/21/1999 6:46:00 PM
From: RealMuLan  Respond to of 116779
 
Trade deficit means one country imports more than he exports. And trade surplus means one country exports more than he imports. But different countries do have their own way to calculate these figures.



To: Jim S who wrote (37470)7/21/1999 7:21:00 PM
From: Bobby Yellin  Read Replies (2) | Respond to of 116779
 
Hi Jim-
I asked the help of the thread re trade deficit myself..the only thing I see is a structural change in this country or rather in the ny region..so many people are working so very hard..or at least spending long hours at work..and this is called prosperity..
ha
anyways..I don't see inflation because I don't see wage pressure because older people are still scared from the last recession and the global economy has made outsourcing "the thingie"--I don't buy the productivity mantra -re technological-rather technological has helped to enslave the worker into doing more since I have seen so many people here doing the work of two people and suffering..geez..I met one woman who works for city government and handles millions of dollars a day..she appears to be freaking out since she no longer has others to help her..I asked her why she puts that kind of stress on herself..she said the money is good..I wonder if she will live to see her retirement benefits :-)
anyways supposedly trade deficits are dangerous if other countries start selling the currency..up goes bond rates, down go stocks, blah blah blah..but if this trade deficit isn't taking into account that corporations are doing a lot of the buying to make profits off of the citizens..who knows
I don't
confused as usual but definitely willing to learn..that is why I enjoyed the new information..ask and maybe you shall receive..
boy do I get tired of hearing stupid mantras..
dollar has replaced gold.. gold has replaced cheap credit..
so the world turns..