Thursday, January 11, 2007

Good News on Trade Balance

The red line shows a stabilization of the trade deficit (ex-petroleum, the black line) over the last few years. On the other hand, a $35BN/month deficit in merchandise and services is not exactly "great."

Somewhere, somehow, that deficit has to be paid for.

HT: Calculated Risk


Anonymous said...

The plan is for the next Democratic President to be responsible for the deficit.

You conservatives are so clever.

jp said...

The deficit will never need to be paid as long as someone is willing to buy our IOU’s.
Where else in the world can one invest safely?