Quote:
Originally Posted by PaceAdvantage
Trade deficits are good.
Always remember this line folks, and praise those who say it.
(Yes I'm being sarcastic)
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Why does everything these days have to be good/bad? Why can't it just be...
Since we are listing good/bad though here it is again;
The Good:
- $18 Trillion GDP
- Cheap Goods
- Full Employment
- Highest Manufacturing Production in History
- Highest Levels of Consumption (Globally)
- High standard of living
- Relatively Low Cost of Living (Lower than Germany, France, UK, Sweden, Finland, Japan, Australia, South Korea, you know all those countries this targets)
The Bad:
- $500-600 billion trade deficit totalling approx. 2.5% GDP
