Trade deficit has improved greatly (calculate, credit, debt, buy)

[user_id]

The trade deficit (especially if you exclude oil) has improved greatly over the last 1-2 years. Once the trade deficit is balanced, all talk of "bringing back manufacturing jobs" is pointless. Any manufacturing jobs that come back will be meant with a lose of a job in our current export economy. The only way around that is to start issuing credit to the rest of the world so they can purchase are stuff.

Calculated Risk: Trade Deficit Increases in June

[jimhcom]

Originally Posted by user_id

The trade deficit (especially if you exclude oil) has improved greatly over the last 1-2 years. Once the trade deficit is balanced, all talk of "bringing back manufacturing jobs" is pointless. Any manufacturing jobs that come back will be meant with a lose of a job in our current export economy. The only way around that is to start issuing credit to the rest of the world so they can purchase are stuff.

Calculated Risk: Trade Deficit Increases in June

Meaningless drivel. The trade deficit is still expanding despite the recession, and if you think manufacturing jobs can be replaced by exporting scrap metal and basic materials, you are mistaken. Service based jobs, creating massive debt, and exporting our dwindling natural resources are hardly a recipe for prosperity.

[Stac2007]

People are simply not buying because of the state of the economy. You have to have money to buy Chinese goods and credit had dried up.

[user_id]

Originally Posted by jimhcom

The trade deficit is still expanding despite the recession,

The trade deficit has improved greatly over the last 1-2 years.

Originally Posted by jimhcom

and if you think manufacturing jobs can be replaced by exporting scrap metal and basic materials, you are mistaken.

I don't recall suggesting such a thing. Sorry, that the numbers don't say what you want?