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Old 11-03-2019, 01:30 PM
 
Location: Ohio
20,899 posts, read 14,808,128 times
Reputation: 17187

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Quote:
Originally Posted by Supposn View Post
A trade deficit indicates the nation consumed more than it produced.
Nope, wrong answer. REDO FROM START.

It would kill you to learn how to read a table correctly.

In Q3 2019 the US produced and consumed $4,558,800,000,000 in goods and services.

In Q3 2019 the US had a trade deficit of $655,400,000.

I just debunked your entire thread.

Quote:
Originally Posted by Supposn View Post
Annual trade deficits are always net detrimental to their nation's GDP and thus to their numbers of jobs.
Nope, wrong answer. REDO FROM START.

Trade deficits are never detrimental. Still can't wrap your brain around this reality:

$1 of Imports $1 GDP

Do let us know when you attain the intellect to grasp that reality.

Quote:
Originally Posted by Supposn View Post
I'm among the proponents of the improved trade policy concept as described in Wikipedia's “Import Certificates” article. It is superior to free trade, tariffs, or any other trade policy we're aware of.
Yes, we know, because you constantly spam the forum with this nonsense.

What's this "we" stuff?

There is no "we" in "we're aware of."

It's just you and you are not aware of a great many things and have no understand of economics, much less trade.
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Old 11-03-2019, 08:28 PM
 
1,466 posts, read 764,632 times
Reputation: 392
Quote:
Originally Posted by Mircea View Post
Nope, wrong answer. REDO FROM START.
It would kill you to learn how to read a table correctly.

In Q3 2019 the US produced and consumed $4,558,800,000,000 in goods and services.

In Q3 2019 the US had a trade deficit of $655,400,000.
I just debunked your entire thread.

Nope, wrong answer. REDO FROM START.
Trade deficits are never detrimental. Still can't wrap your brain around this reality:
$1 of Imports $1 GDP
Do let us know when you attain the intellect to grasp that reality.

Yes, we know, because you constantly spam the forum with this nonsense.
What's this "we" stuff? There is no "we" in "we're aware of."
It's just you and you are not aware of a great many things and have no understand of economics, much less trade.
Mircea, I’m unaware of what “table” you’re referring to. I assume that you’re stating USA’s GDP in the third quarter of 2019 was $4,558.8 billion, and our trade deficit was 655.4 million. I have no intention of questioning your figures.

According to the figures you provided, USA spent a net of $4,559.4 billion on goods and services during the third quarter of 2019.
A dollar of a nation’s imports reduces rather than increases their nation’s GDP.
Respectfully, Supposn
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Old 11-03-2019, 09:04 PM
 
1,466 posts, read 764,632 times
Reputation: 392
Originally Posted by Supposn:
This thread argues annual trade deficits are always net detrimental to their nation's economy. It's futile to discuss remedies with those that do not consider the possibility of the illness’s existence.
Quote:
Originally Posted by lieqiang View Post
I think you might be confusing "do not consider" with your inability convince anyone of your viewpoint, and by extension the possibility that you're just plain wrong.
Lieqiang, your response is not unreasonable. But I was considering the futility of discussing a remedy to USA’s chronic annual trade deficits, within a thread for argument regarding annual trade deficit’s effects upon their nation’s GDP, numbers of jobs, and those jobs’ total payrolls.

What would be the point of discussing the superior manner of reducing the nation’s annual trade deficits of goods with those that deny annual trade deficits consequentially reduced their nation’s annual GDP?

Respectfully, Supposn
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Old 11-03-2019, 10:23 PM
 
1,466 posts, read 764,632 times
Reputation: 392
Quote:
Originally Posted by mathjak107 View Post
i only buy foreign products for one reason . they represent the best value to me for my hard earned dollars ...

this world is a global economy and each country excels at doing something better and more efficiently then other places ... back in the old days the world had little to offer us . we made everything here . but today world class products are offered to us from all over the world .


of course we consume more from outside this country .
Mathjak107, you’re confusing advantages to individual purchasers, and those of the purchaser’s nation.
Cheaper imported goods are beneficial to all purchasers, including USA’s wage-earning families, but those families are dependent upon their wages derived from their USA jobs.

Cheaper imported goods are to the comparative advantage of USA enterprises that purchase them; USA labor is expensive. But it’s of comparative disadvantage of the nation if workers displaced by our trade deficits of goods can no longer retain their incomes and living standards.

The overwhelming portion of our nation’s population, of our income earners, and of our federal income-tax payers, are employees. Most USA enterprises are sensitive to the financial stability of USA’s employees and their dependents.

USA’s annual trade deficits are detrimental to our GDP and drag upon our numbers of jobs and their amounts of payrolls.

Refer to https://en.wikipedia.org/wiki/Import_Certificates
Respectfully, Supposn
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Old 11-04-2019, 02:09 AM
 
7,657 posts, read 3,367,239 times
Reputation: 4889
Quote:
Originally Posted by mathjak107 View Post
i only buy foreign products for one reason . they represent the best value to me for my hard earned dollars ...

this world is a global economy and each country excels at doing something better and more efficiently then other places ... back in the old days the world had little to offer us . we made everything here . but today world class products are offered to us from all over the world .


of course we consume more from outside this country .
How hard earned are your dollars exactly?
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Old 11-04-2019, 02:17 AM
 
7,657 posts, read 3,367,239 times
Reputation: 4889
Quote:
Originally Posted by Supposn View Post
Mathjak107, you’re confusing advantages to individual purchasers, and those of the purchaser’s nation.
Cheaper imported goods are beneficial to all purchasers, including USA’s wage-earning families, but those families are dependent upon their wages derived from their USA jobs.

Cheaper imported goods are to the comparative advantage of USA enterprises that purchase them; USA labor is expensive. But it’s of comparative disadvantage of the nation if workers displaced by our trade deficits of goods can no longer retain their incomes and living standards.

The overwhelming portion of our nation’s population, of our income earners, and of our federal income-tax payers, are employees. Most USA enterprises are sensitive to the financial stability of USA’s employees and their dependents.

USA’s annual trade deficits are detrimental to our GDP and drag upon our numbers of jobs and their amounts of payrolls.

Refer to https://en.wikipedia.org/wiki/Import_Certificates
Respectfully, Supposn
No one cares, its every man for himself in the USA, that's why im voting socialism so I can watch the train wreck and all these greedy people scream and cry when the real tariffs and VAT taxes start and all the crying about how they are going to leave the USA and how their money is so hard-earned sitting behind a desk shuffling papers.

These people on here are not behind a desk inventing anti-matter reactors, they are shuffling papers around.

It's all going to fall apart and I am going to watch it. It will be sad but its needed. We are one of the most morally bankrupt societies on the planet. I am forced to play the same games as them so that I can get out of the rat race and its disgusting.
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Old 11-04-2019, 02:19 AM
 
75,655 posts, read 75,072,635 times
Reputation: 52956
Quote:
Originally Posted by pittsflyer View Post
How hard earned are your dollars exactly?
working 42 years and not shuffling papers. for most of it i had the grueling occupation of being a commercial hvac-refrigeration mechanic
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Old 11-04-2019, 02:20 AM
 
75,655 posts, read 75,072,635 times
Reputation: 52956
Quote:
Originally Posted by Supposn View Post
Mathjak107, you’re confusing advantages to individual purchasers, and those of the purchaser’s nation.
Cheaper imported goods are beneficial to all purchasers, including USA’s wage-earning families, but those families are dependent upon their wages derived from their USA jobs.

Cheaper imported goods are to the comparative advantage of USA enterprises that purchase them; USA labor is expensive. But it’s of comparative disadvantage of the nation if workers displaced by our trade deficits of goods can no longer retain their incomes and living standards.

The overwhelming portion of our nation’s population, of our income earners, and of our federal income-tax payers, are employees. Most USA enterprises are sensitive to the financial stability of USA’s employees and their dependents.

USA’s annual trade deficits are detrimental to our GDP and drag upon our numbers of jobs and their amounts of payrolls.

Refer to https://en.wikipedia.org/wiki/Import_Certificates
Respectfully, Supposn
trade deficit numbers make good political stories . they are the most meaningless of numbers
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Old 11-04-2019, 02:27 AM
 
7,657 posts, read 3,367,239 times
Reputation: 4889
Quote:
Originally Posted by mathjak107 View Post
i spent 35 years as an investor trying to save and earn those dollars as well as working 42 years and not shuffling papers
HVAC is real work. What exactly are you trying to save? Who is going to be investing when wages keep being depressed? Are you just working with the very wealthy so their capital keeps working to their govt cronies palms greased so they can lobby for nice low tariffs and a steady stream of immigrants?

I am not exactly sure what you hope to gain by encouraging everyone to buy foreign goods? Sure, certain key items from places like Germany or Switzerland are an exception but those items are most certainly not cheap.

How exactly do you think all these laid-off, underemployed people are going to start voting when their pea brains finally realize what is going on?

There is no good ending to this, just suffering.
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Old 11-04-2019, 02:40 AM
 
75,655 posts, read 75,072,635 times
Reputation: 52956
Quote:
Originally Posted by pittsflyer View Post
HVAC is real work. What exactly are you trying to save? Who is going to be investing when wages keep being depressed? Are you just working with the very wealthy so their capital keeps working to their govt cronies palms greased so they can lobby for nice low tariffs and a steady stream of immigrants?

I am not exactly sure what you hope to gain by encouraging everyone to buy foreign goods? Sure, certain key items from places like Germany or Switzerland are an exception but those items are most certainly not cheap.

How exactly do you think all these laid-off, underemployed people are going to start voting when their pea brains finally realize what is going on?

There is no good ending to this, just suffering.
quite frankly the only one i care about making it through is me ... they don't pay me enough nor am i smart enough to solve the worlds ills . no one is looking out for me but me.

so far we are comfortably retired and hope to stay that way. i put myself in this position , i made it happen . others may be my concern , but they ain't my worry .

Last edited by mathjak107; 11-04-2019 at 02:54 AM..
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