If individuals comprise the U.S. economy, and they do, how could the U.S. have a trade “deficit”? It’s a useful question when it’s remembered that as far as individuals go, all trade balances. We get in return for what we bring to market.
Yet the U.S. as a country still runs a massive trade deficit. What’s the story behind the statistic? It’s really pretty simple. While the import or export of shirts, socks, t-shirts, computers and cars counts in these trade calculations, the export of shares in corporations does not.
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