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Old 02-13-2019, 08:47 AM
 
1,754 posts, read 887,427 times
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Credible economists do not refute annual trade deficits detrimental affects upon their nation's GDP.

I believe you'll find creditable economists do not refute that due to USA's annual trade deficits, the nation's domestic production was less than otherwise; (i.e. the nation's domestic products (more than otherwise), were net “crowded out” of all, [our USA domestic plus foreign] marketplaces.
Additionally, they do not refute that due to such “crowding out”, USA's domestic production was less than otherwise, and that in turn was net detrimental to USA's numbers of jobs.

Many creditable economists contend that the proportional differences between USA's annual GDP and our trade deficits are too small to have materially affected our domestic production, (i.e. the detrimental affects of our annual trade deficits are of lesser economic significance). But they do not refute that due to USA's chronic annual trade deficits, our annual GDPs have been less than otherwise.

I agree with other credible economists that contend that due to USA's chronic annual trade deficits, the lesser numbers of jobs and their lesser aggregate payroll amounts were of economic significance.
Furthermore, I'm among those contending that Nation's balances of trade understated their effects upon their nation's GDP; net international trades' amounts of contributions to trade surplus nations' and detriments to trade deficit nations' GDPs, understate their actual effects upon their individual nations' domestic production.
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Old 02-13-2019, 10:58 AM
 
10,253 posts, read 10,576,796 times
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Quote:
Originally Posted by Supposn View Post
Credible economists do not refute annual trade deficits detrimental affects upon their nation's GDP.

I believe you'll find creditable economists do not refute that due to USA's annual trade deficits, the nation's domestic production was less than otherwise; (i.e. the nation's domestic products (more than otherwise), were net “crowded out” of all, [our USA domestic plus foreign] marketplaces.
Additionally, they do not refute that due to such “crowding out”, USA's domestic production was less than otherwise, and that in turn was net detrimental to USA's numbers of jobs.

Many creditable economists contend that the proportional differences between USA's annual GDP and our trade deficits are too small to have materially affected our domestic production, (i.e. the detrimental affects of our annual trade deficits are of lesser economic significance). But they do not refute that due to USA's chronic annual trade deficits, our annual GDPs have been less than otherwise.

I agree with other credible economists that contend that due to USA's chronic annual trade deficits, the lesser numbers of jobs and their lesser aggregate payroll amounts were of economic significance.
Furthermore, I'm among those contending that Nation's balances of trade understated their effects upon their nation's GDP; net international trades' amounts of contributions to trade surplus nations' and detriments to trade deficit nations' GDPs, understate their actual effects upon their individual nations' domestic production.
Twice in one day for this one.

The mostly broadly accepted definition of GDP.

GDP = Consumer Spending + Business Investment + Government Spending + Net of Exports (exports - imports).
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Old 02-13-2019, 11:28 AM
 
1,088 posts, read 566,535 times
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Using tariff for trade war with China is a bad idea. That’s thinking China too much, ignoring domestic impacts. “Economists” who support that idea must be idiots, not even politicians. We’d seen stock market down in 2018, Dow still can not get above 26,000.
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Old 02-13-2019, 11:44 AM
 
1,627 posts, read 767,394 times
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Quote:
Originally Posted by Supposn View Post
Credible economists do not refute annual trade deficits detrimental affects upon their nation's GDP.

I believe you'll find creditable economists do not refute that due to USA's annual trade deficits, the nation's domestic production was less than otherwise; (i.e. the nation's domestic products (more than otherwise), were net “crowded out” of all, [our USA domestic plus foreign] marketplaces.
Additionally, they do not refute that due to such “crowding out”, USA's domestic production was less than otherwise, and that in turn was net detrimental to USA's numbers of jobs.

Many creditable economists contend that the proportional differences between USA's annual GDP and our trade deficits are too small to have materially affected our domestic production, (i.e. the detrimental affects of our annual trade deficits are of lesser economic significance). But they do not refute that due to USA's chronic annual trade deficits, our annual GDPs have been less than otherwise.

I agree with other credible economists that contend that due to USA's chronic annual trade deficits, the lesser numbers of jobs and their lesser aggregate payroll amounts were of economic significance.
Furthermore, I'm among those contending that Nation's balances of trade understated their effects upon their nation's GDP; net international trades' amounts of contributions to trade surplus nations' and detriments to trade deficit nations' GDPs, understate their actual effects upon their individual nations' domestic production.
Credible by whose standards? Any links to the papers written by these "credible economists" stating this opinion or do we take your word for it?

If you're going to cite them in the topic, you really should have something to back it up.
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Old 02-13-2019, 11:51 AM
 
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Originally Posted by SuiteLiving View Post
Credible by whose standards? Any links to the papers written by these "credible economists" stating this opinion or do we take your word for it?

If you're going to cite them in the topic, you really should have something to back it up.
He does not need to list sources. He's generally right that's just the way it is.
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Old 02-13-2019, 12:06 PM
 
1,754 posts, read 887,427 times
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Quote:
Originally Posted by EDS_ View Post
Twice in one day for this one.

The mostly broadly accepted definition of GDP.

GDP = Consumer Spending + Business Investment + Government Spending + Net of Exports (exports - imports).
EDS, OK, so what's your point?
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Old 02-13-2019, 12:15 PM
 
1,627 posts, read 767,394 times
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Originally Posted by EDS_ View Post
He does not need to list sources. He's generally right that's just the way it is.
May be okay for you, I want the cites, otherwise it was inappropriate to include it in the thread title. IMO of course.
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Old 02-13-2019, 12:15 PM
 
10,253 posts, read 10,576,796 times
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Originally Posted by Supposn View Post
EDS, OK, so what's your point?
Trade deficits do matter, net trade is in our best GDP calculations. It's just wantonly absurd for anyone to claim the trade deficits don't matter or amount to much..
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Old 02-13-2019, 12:35 PM
 
1,754 posts, read 887,427 times
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Quote:
Originally Posted by Supposn View Post
Credible economists do not refute annual trade deficits detrimental affects upon their nation's GDP.

I believe you'll find creditable economists do not refute that due to USA's annual trade deficits, the nation's domestic production was less than otherwise; (i.e. the nation's domestic products (more than otherwise), were net “crowded out” of all, [our USA domestic plus foreign] marketplaces. ...


Quote:
Originally Posted by SuiteLiving View Post
Credible by whose standards? Any links to the papers written by these "credible economists" stating this opinion or do we take your word for it?

If you're going to cite them in the topic, you really should have something to back it up.
SuiteLiving, no, I do not ask you to take my word for it.
Can find many, or some, or any creditable economists that refuting due to USA's annual trade deficits, the nation's domestic production was less than otherwise; (i.e. the nation's domestic products (more than otherwise), were net “crowded out” of all, [our USA domestic plus foreign] marketplaces?

The ball's in your court.
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Old 02-13-2019, 12:54 PM
 
1,754 posts, read 887,427 times
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Quote:
Originally Posted by SuiteLiving View Post
May be okay for you, I want the cites, otherwise it was inappropriate to include it in the thread title. IMO of course.
SuiteLiving, I misunderstood your post. I thought you were refuting my statement.
I've stated in effect it's extremely rare, or scarcely, or never has a creditable economist ever refuted such an assertion.
It's unreasonable to ask me to seek and extract citations for examples of what I believe to be extremely rare if they do exist.
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