Quote:
Originally Posted by El_Zoido
I read the Wiki-articles and I don't see anything wrong here....
Of course it is a simplification... putting all trade into one number is a simplification for statistical purposes already!
So it would of course be naive to look at a ecconomy simply by GDP growth, Account Balance & Investment... BUT those are important indicators => that's why these simplifications don't say everything but they say alot.
And "  "-ing your ass off while there is absolutly nothing positive about a massive current account deficit is puzzleing...
It's a massive problem for the US and what is being done about it can be descriped as lunatic... |
Try explaining that to Americans who support special interest war of aggression and unrealistic defense expenditures using debt while reducing tax revenue in a debtor nation service economy that consumes far more than it produces. The irresponsibility goes far beyond lunacy.