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Strategies & Market Trends : Mish's Global Economic Trend Analysis -- Ignore unavailable to you. Want to Upgrade?


To: philv who wrote (25191)3/9/2005 11:46:03 AM
From: Chispas  Respond to of 116555
 
Deleted



To: philv who wrote (25191)3/9/2005 11:52:05 AM
From: CalculatedRisk  Read Replies (1) | Respond to of 116555
 
Yes .... that is $60 Billion per month. That Crooks guy miscalculated completely.

The 2004 trade deficit was about $620 Billion (about $50B per month). We have ~$11 Trillion GDP ... so that is over 5% of GDP.

Crooks just misplaced a few zeros<G>.

ADDED: Here are the trade balance numbers:
census.gov