Monday, June 20, 2005
Deeper & Deeper
-$780,000,000,000
Hmm...the current trade deficit numbers are out and for the current quarter year we're on track to buy more than $780 billion more than we sell. Nearly a trillion dollars of wealth being transfered to other countries. That on top of a federal budget deficit that will clock in around $400 billion. How much longer will foriegners and their government continue to invest in our country...which is fast becoming the GM of nations?....
http://www.usatoday.com/money/economy/trade/2005-06-17-current-account_x.htm
Hmm...the current trade deficit numbers are out and for the current quarter year we're on track to buy more than $780 billion more than we sell. Nearly a trillion dollars of wealth being transfered to other countries. That on top of a federal budget deficit that will clock in around $400 billion. How much longer will foriegners and their government continue to invest in our country...which is fast becoming the GM of nations?....
http://www.usatoday.com/money/economy/trade/2005-06-17-current-account_x.htm
