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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: russwinter who wrote (19954)10/14/2004 11:31:48 AM
From: Haim R. Branisteanu  Read Replies (1) | Respond to of 110194
 
what I do not get is that oil imports were not the main driver of the trade deficit.

'the main drives IMHO are semi finished and finished goods which will induce a lower GDP resulting in less worker compensation and more debt.

Simplistic math - At an output of about $120,000 average per manufacturing worker, $1 billion in monthly deficit is $12 billion a year or 1 million work places exported overseas


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