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(Reuters)   Winning   ( reuters.com) divider line
    More: Awkward, International trade, trade deficit, percent, United States, U.S. trade deficit, annual economic growth, gross domestic product, trade war  
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2980 clicks; posted to Business » on 08 Mar 2018 at 9:05 PM (32 weeks ago)   |   Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»



18 Comments     (+0 »)
 
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2018-03-08 03:32:42 PM  
Don't worry....tariffs will fix that

/The few of you that got some crumbs from your employer because of the tax bill, hope you saved it to help pay for higher prices on goods
//Only losers worry about unintended consequences that anyone with a remedial understanding of economics would grasp
////Three slashies now four because of inflation
 
2018-03-08 05:11:50 PM  
Isn't the reason that the trade gap is widening down to the fact that most US goods are shiat and over-priced?
 
2018-03-08 05:54:58 PM  
Looks like Trump found the presidential time machine, and he's racing us all back to the end of the Bush era.
 
2018-03-08 06:59:04 PM  
The deficit with Canada soared 65 percent to a three-year high of $3.6 billion.

President Trump Claims the U.S. Has a Trade Deficit With Canada. That's Not So Clear

tl;dr version: It depends on whether you count goods that enter from Canada that were made somewhere else.
 
2018-03-08 08:49:43 PM  

luckyeddie: Isn't the reason that the trade gap is widening down to the fact that most US goods are shiat and over-priced?


No. One of the primary reasons is that the US barrows so much abroad, which will get worse as a result of the Republicans blowing up the deficit with their tax cuts.
 
2018-03-08 09:32:18 PM  

b2theory: luckyeddie: Isn't the reason that the trade gap is widening down to the fact that most US goods are shiat and over-priced?

No. One of the primary reasons is that the US barrows so much abroad, which will get worse as a result of the Republicans blowing up the deficit with their tax cuts.


No. The primary reason is that it is cheaper to produce labor intensive goods abroad, focus on creating an educated populace that focuses on providing services. This is (loosely) called a comparative advantage, we have tons of money and a well educated populace. They have lots of people who can sew socks. We loan the money for their capital, they sell us their socks. They pay us back, we reloan the money and so on.
 
2018-03-08 09:33:05 PM  

b2theory: luckyeddie: Isn't the reason that the trade gap is widening down to the fact that most US goods are shiat and over-priced?

No. One of the primary reasons is that the US barrows so much abroad, which will get worse as a result of the Republicans blowing up the deficit with their tax cuts.


No. It's because we are shamefully vain consumers that still prefer cheap goods (from overseas). And we are willing to go into debt to buy stuff. And people will refine their home to buy crap.

Of course if our consumerism slowed,so would our domestic economy.  It's our fatal addiction.
 
2018-03-08 09:39:35 PM  

ptelg: b2theory: luckyeddie: Isn't the reason that the trade gap is widening down to the fact that most US goods are shiat and over-priced?

No. One of the primary reasons is that the US barrows so much abroad, which will get worse as a result of the Republicans blowing up the deficit with their tax cuts.

No. The primary reason is that it is cheaper to produce labor intensive goods abroad, focus on creating an educated populace that focuses on providing services. This is (loosely) called a comparative advantage, we have tons of money and a well educated populace. They have lots of people who can sew socks. We loan the money for their capital, they sell us their socks. They pay us back, we reloan the money and so on.


I'm not synthesizing a new idea. Economists have been talking about this all week. Normally when you have a trade based imbalance, as you have described, currencies will weaken/strengthen and restore balance. Buying US treasuries is a means to sidestep that natural currency correction.
 
2018-03-08 09:41:00 PM  

wademh: b2theory: luckyeddie: Isn't the reason that the trade gap is widening down to the fact that most US goods are shiat and over-priced?

No. One of the primary reasons is that the US barrows so much abroad, which will get worse as a result of the Republicans blowing up the deficit with their tax cuts.

No. It's because we are shamefully vain consumers that still prefer cheap goods (from overseas). And we are willing to go into debt to buy stuff. And people will refine their home to buy crap.

Of course if our consumerism slowed,so would our domestic economy.  It's our fatal addiction.


This has little to do with individual purchasing decisions.
 
2018-03-08 10:48:05 PM  
That's unpossible. Our brilliant CEO says he's reversing that trade deficit.
 
2018-03-08 10:50:35 PM  

wademh: b2theory: luckyeddie: Isn't the reason that the trade gap is widening down to the fact that most US goods are shiat and over-priced?

No. One of the primary reasons is that the US barrows so much abroad, which will get worse as a result of the Republicans blowing up the deficit with their tax cuts.

No. It's because we are shamefully vain consumers that still prefer cheap goods (from overseas). And we are willing to go into debt to buy stuff. And people will refine their home to buy crap.

Of course if our consumerism slowed,so would our domestic economy.  It's our fatal addiction.


Wouldn't a drop in our consumption cause unemployment and poverty in developing countries potentially leading to global instability which our neutered state department can't handle?
We've been buying influence and a modicum of peace for a long time. Stopping now with the Half Brained Prince at the helm seems risky.
 
2018-03-08 11:43:20 PM  
The high value of the U.S. dollar could lead to people spending their dollars on foreign things.

But, hey, strong dollar.
 
2018-03-08 11:45:50 PM  
Goddamn you, Charlie Sheen!
 
2018-03-08 11:56:59 PM  
Like that matters to Donnie. HIS cash is coming from idiots who buy MAGA merch or laundering money for the Bratva...which are recession proof, and really, IF the US dips in industrial and mercantile standings, I suspect that he'll get a bonus, so points for screwing over every Mom and Pop stand, every American based industry--with the exception of porn, of course--and if we can tumble our stock market, that will make stronger players outside, so he'll clean up at his foreign properties, as well as the new stronger currencies that realize that they can buy a LOT more American goodies for less.

Donnie doesn't give a sh*t if the US goes in the dumper, because HE'S got the Secret Service now to keep out the riff raff, and the crappier he makes the US, and the more turmoil he creates, the better his bonus at the end of this mess. That is if he can stay out of jail...and even then, he'll have so much protection, that he won't serve real time, so why should he worry? I mean, it's not like the Bratva ever kill people who lose their money, right?
 
2018-03-09 12:19:09 AM  
So?
It's a 80 percent service economy, dotards.
Enjoy existing only to buy more things that you use to exist.
It's a way of life, this letting other countries destroy their environments so ours stays nice.
In exchange we buy their stuff.
Have a doughnut.
 
2018-03-09 12:42:08 AM  

luckyeddie: Isn't the reason that the trade gap is widening down to the fact that most US goods are shiat and over-priced?


Well, that's a few of the reasons.
 
2018-03-09 02:55:02 AM  
I just bought a bunch more incredibly cheap electronic components from China, so I'm getting yada yada yada.
 
2018-03-09 10:02:55 AM  

jjorsett: I just bought a bunch more incredibly cheap electronic components from China, so I'm getting yada yada yada.


Recorded surreptitiously by the Chinese which is sniffed and logged by the NSA?
 
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