The ten most valuable companies in the world are all U.S. based. Think about that for a minute.
There are so many myths – right and left – that the above statistic disproves, but for this column the statistic will be used to address the accounting abstraction that is the “trade deficit.” That the world's most valuable companies generally have a U.S. address is a near certain sign that the United States runs a “trade deficit.” A very large one.
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