Trade deficit at all time high

[Zebo]

Originally posted by: sandorski

Originally posted by: charrison

Originally posted by: sandorski

Originally posted by: Genx87

Originally posted by: NJDevil

Originally posted by: Genx87
Economy is growing and thus you can expect it to consume more. We dont produce everything we use here at home thus we have to import.

I am curious as a % of gdp what our trade deficit looks like.

If i'm not mistaken, our GDP is around 11 trillion. The total current account deficit last year was around 660 billion, so around 6% or so.

The last I saw was 11.8 Trillion for 2004. Not sure what it will be like this year, probably about 3-4% higher.

I am curious through the years what our trade deficit to gdp has been.

6% is the figure I heard from an investment analyst a couple days back. This analyst also said that if it were any other country the IMF would have stepped in by now and taken over that countries fiscal management. It is dangerously high.

The one thing to remember about the trade defecit, it is balanced by investment dollars flowing into the country.

That is true, in fact the US would be fvkd if it weren't. A big part of the problem(as mentioned in my previous post) though, is that the very country(ies) that are a major part of the Trade Deficit are also the same countries who are sending all those Dollars back to the US. This situation can't go on forever and unless the US remedies the twin deficits things will get real bad.

The US is fusked. "investment dollars flowing into country" means we are trading our corporations, personel and governmental equity and land for foriegn made trinkets which are worthless in short order. In the mean time we are giving up our wealth and selling out our standard of living, because the only way we'll get all those jobs back is if were willing to work same wages as chineese. But this time we'll have chineese boses too since they'll own everything.


anyway repost
http://forums.anandtech.com/messageview...atid=52&threadid=1531206&enterthread=y

 

[charrison]

Originally posted by: Zebo

Originally posted by: sandorski

Originally posted by: charrison

Originally posted by: sandorski

Originally posted by: Genx87

Originally posted by: NJDevil

Originally posted by: Genx87
Economy is growing and thus you can expect it to consume more. We dont produce everything we use here at home thus we have to import.

I am curious as a % of gdp what our trade deficit looks like.

If i'm not mistaken, our GDP is around 11 trillion. The total current account deficit last year was around 660 billion, so around 6% or so.

The last I saw was 11.8 Trillion for 2004. Not sure what it will be like this year, probably about 3-4% higher.

I am curious through the years what our trade deficit to gdp has been.

6% is the figure I heard from an investment analyst a couple days back. This analyst also said that if it were any other country the IMF would have stepped in by now and taken over that countries fiscal management. It is dangerously high.

The one thing to remember about the trade defecit, it is balanced by investment dollars flowing into the country.

That is true, in fact the US would be fvkd if it weren't. A big part of the problem(as mentioned in my previous post) though, is that the very country(ies) that are a major part of the Trade Deficit are also the same countries who are sending all those Dollars back to the US. This situation can't go on forever and unless the US remedies the twin deficits things will get real bad.

The US is fusked. "investment dollars flowing into country" means we are trading our corporations, personel and governmental equity and land for foriegn made trinkets which are worthless in short order. In the mean time we are giving up our wealth and selling out our standard of living, because the only way we'll get all those jobs back is if were willing to work same wages as chineese. But this time we'll have chineese boses too since they'll own everything.


anyway repost
http://forums.anandtech.com/messageview...atid=52&threadid=1531206&enterthread=y

So why is that foreigners would rather invest their money in the US and not in other places?

 

[Zebo]

Originally posted by: charrison

Originally posted by: Zebo

Originally posted by: sandorski

Originally posted by: charrison

Originally posted by: sandorski

Originally posted by: Genx87

Originally posted by: NJDevil

Originally posted by: Genx87
Economy is growing and thus you can expect it to consume more. We dont produce everything we use here at home thus we have to import.

I am curious as a % of gdp what our trade deficit looks like.

If i'm not mistaken, our GDP is around 11 trillion. The total current account deficit last year was around 660 billion, so around 6% or so.

The last I saw was 11.8 Trillion for 2004. Not sure what it will be like this year, probably about 3-4% higher.

I am curious through the years what our trade deficit to gdp has been.

6% is the figure I heard from an investment analyst a couple days back. This analyst also said that if it were any other country the IMF would have stepped in by now and taken over that countries fiscal management. It is dangerously high.

The one thing to remember about the trade defecit, it is balanced by investment dollars flowing into the country.

That is true, in fact the US would be fvkd if it weren't. A big part of the problem(as mentioned in my previous post) though, is that the very country(ies) that are a major part of the Trade Deficit are also the same countries who are sending all those Dollars back to the US. This situation can't go on forever and unless the US remedies the twin deficits things will get real bad.

The US is fusked. "investment dollars flowing into country" means we are trading our corporations, personel and governmental equity and land for foriegn made trinkets which are worthless in short order. In the mean time we are giving up our wealth and selling out our standard of living, because the only way we'll get all those jobs back is if were willing to work same wages as chineese. But this time we'll have chineese boses too since they'll own everything.


anyway repost
http://forums.anandtech.com/messageview...atid=52&threadid=1531206&enterthread=y

So why is that foreigners would rather invest their money in the US and not in other places?

What do you mean why? Foreigners are profiting off a trade imbalance, with those profits they buy assets. Holding a bunch of cash does'nt do anything for them. The US has lots of assets which arnt in jeapordy like say a diamond mine in rawanda would be.

 

[charrison]

Originally posted by: Zebo

Originally posted by: charrison

Originally posted by: Zebo

Originally posted by: sandorski

Originally posted by: charrison

Originally posted by: sandorski

Originally posted by: Genx87

Originally posted by: NJDevil

Originally posted by: Genx87
Economy is growing and thus you can expect it to consume more. We dont produce everything we use here at home thus we have to import.

I am curious as a % of gdp what our trade deficit looks like.

If i'm not mistaken, our GDP is around 11 trillion. The total current account deficit last year was around 660 billion, so around 6% or so.

The last I saw was 11.8 Trillion for 2004. Not sure what it will be like this year, probably about 3-4% higher.

I am curious through the years what our trade deficit to gdp has been.

6% is the figure I heard from an investment analyst a couple days back. This analyst also said that if it were any other country the IMF would have stepped in by now and taken over that countries fiscal management. It is dangerously high.

The one thing to remember about the trade defecit, it is balanced by investment dollars flowing into the country.

That is true, in fact the US would be fvkd if it weren't. A big part of the problem(as mentioned in my previous post) though, is that the very country(ies) that are a major part of the Trade Deficit are also the same countries who are sending all those Dollars back to the US. This situation can't go on forever and unless the US remedies the twin deficits things will get real bad.

The US is fusked. "investment dollars flowing into country" means we are trading our corporations, personel and governmental equity and land for foriegn made trinkets which are worthless in short order. In the mean time we are giving up our wealth and selling out our standard of living, because the only way we'll get all those jobs back is if were willing to work same wages as chineese. But this time we'll have chineese boses too since they'll own everything.


anyway repost
http://forums.anandtech.com/messageview...atid=52&threadid=1531206&enterthread=y

So why is that foreigners would rather invest their money in the US and not in other places?

What do you mean why? Foreigners are profiting off a trade imbalance, with those profits they buy assets. Holding a bunch of cash does'nt do anything for them. The US has lots of assets which arnt in jeapordy like say a diamond mine in rawanda would be.

What you mean to say is that the US economy is producing investment returns, where other countries are not performing as well.

 

[Willoughbyva]

I'm not sure, but I don't think that china has a minimum wage. Or that most people over there make good money. I think it is trickle down economics kind of thing. Some will rise to the top that have connections, but most will probably work and have little. America is becomming the same way.


Perhaps the reason that it seems that gdp and trade imbalance is connected is because we are part of the world economy. Wouldn't it be reasonable to think that if one countery does good that another might be doing good too?

 

[2cpuminimum]

terrorism a problem? What is the economic damage to the us by terrorism? What has been the economic damage by vehicular accidents ?

As for the cost in human lives, it is clear that terrorism is a non-problem compared with vehicular fatalities. More people get run over as pedestrians and killed every single year than are killed by terrorists in a century in the US.

As for the trade deficit, it really doesn't matter. The budget deficit on the other hand is a long term liability for taxpayers and is basically the old and rich people's way of saying they don't give a sh!t about the young.

Disclaimer: I suxorz at teh linking

 

[ahurtt]

Originally posted by: Zebo

Originally posted by: charrison

Originally posted by: sandorski

Originally posted by: Genx87

Originally posted by: NJDevil

Originally posted by: Genx87
Economy is growing and thus you can expect it to consume more. We dont produce everything we use here at home thus we have to import.

I am curious as a % of gdp what our trade deficit looks like.

If i'm not mistaken, our GDP is around 11 trillion. The total current account deficit last year was around 660 billion, so around 6% or so.

The last I saw was 11.8 Trillion for 2004. Not sure what it will be like this year, probably about 3-4% higher.

I am curious through the years what our trade deficit to gdp has been.

6% is the figure I heard from an investment analyst a couple days back. This analyst also said that if it were any other country the IMF would have stepped in by now and taken over that countries fiscal management. It is dangerously high.

The one thing to remember about the trade defecit, it is balanced by investment dollars flowing into the country.

Yea so not only are people losing jobs, America is losing her wealth/equity to foreigners. Great deal.

Aren't you the same guy with whom I had a very big debate about the morality of hiring illegal aliens no too long ago on a different thread? As I recall you were all for it. Why the sudden change of heart?

 

[chambersc]

one word: tariff

 

[Gigantopithecus]

"Trade deficit at all time high: What can/should we do to correct it?"

Stop buying so much fvcking sh!t would be a good start. While we're at it, maybe don't spend more than we actually make.

 

[frankie38]

Originally posted by: 2cpuminimum
terrorism a problem? What is the economic damage to the us by terrorism?

Disclaimer: I suxorz at teh linking

We can start with:

1) lost of 2 large office buildings in Manhattan.
2) 3 jet planes
3) damage to Pentagon
4) thousands of lost lives.
5) war in Afghanistan
6) war in Iraq
7) Creation of Dept of Homeland Security
8) Creation of Intelliengence Czar.

The USA is spending lots of money and time on Terrorism. Without National Security, we have bigger issues than a Trade Deficit and Budget Deficit.

 

[Engineer]

Originally posted by: frankie38

Originally posted by: 2cpuminimum
terrorism a problem? What is the economic damage to the us by terrorism?

Disclaimer: I suxorz at teh linking

We can start with:

1) lost of 2 large office buildings in Manhattan.
2) 3 jet planes
3) damage to Pentagon
4) thousands of lost lives.
5) war in Afghanistan
6) war in Iraq
7) Creation of Dept of Homeland Security
8) Creation of Intelliengence Czar.

The USA is spending lots of money and time on Terrorism. Without National Security, we have bigger issues than a Trade Deficit and Budget Deficit.

Osama said that he would bankrupt the US. He's doing a pretty good job of it right now.