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05-18-2018, 02:22 PM
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#31
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Registered User
Join Date: Jul 2013
Posts: 17,095
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Quote:
Originally Posted by tucker6
A trade deficit is an outflow of domestic currency to foreign markets. How you construe that to mean a capital influx into this country is beyond me. Our money being taken out of America doesn't require it to come back in the form of investment. Conversely, if there were a trade surplus, there would be an inflow of foreign currency into this country which would find its way more than likely into domestic investments.
Unless I read your post incorrectly, I think you have it backwards. No wonder we don't agree.
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Sorry, you are the one that is wrong. One quick example, all that money China is using to buy federal debt is our trade spending coming back into the country. China financing our federal deficit frees up American private money to invest in our private economy.
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You can see the details of all of this towards the bottom of this BEA news release. They actually call it the financial account and it's a bit messy. But the net and end effect is indeed, because that balance must balance, that foreigners sent in capital equal to the amount of that current account deficit.
And that is why the trade deficit doesn't matter. Because there is no leakage of demand out of the country from people buying imports. The money just comes back in as capital investment. All of which is why you don't see much in public policy circles (other than certain union backed adventures and the populists like Bernie and The Donald) worrying overmuch about the trade deficit.
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https://www.forbes.com/sites/timwors.../#63552ea1d760
A more in-depth explanation linked below, in a WSJ article reprinted at Forbes.
https://www.forbes.com/sites/digital.../#6371929c11fc
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A man's got to know his limitations. -- Dirty Harry
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05-18-2018, 02:27 PM
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#32
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Registered User
Join Date: Jul 2013
Posts: 17,095
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Quote:
Originally Posted by tucker6
However, countries negotiate the platforms and rules by which businesses and consumers may trade with one another.
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Why do we need rules? Why can't companies and individuals make their own decisions as to what is or isn't an advantageous trade?
If rules are a good idea, why not have trade agreement between states? How is that any different?
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Technology protections have to be made at the national level because executives seem incapable of fulfilling their fiduciary responsibilities.
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I agree that is a proper for the federal government to protect our technology against theft. It is not the role of the feds to protect private firms against their own ignorance or greed.
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A man's got to know his limitations. -- Dirty Harry
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05-18-2018, 02:39 PM
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#33
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Registered User
Join Date: Oct 2004
Posts: 14,036
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Quote:
Originally Posted by tucker6
A trade deficit is an outflow of domestic currency to foreign markets. How you construe that to mean a capital influx into this country is beyond me. Our money being taken out of America doesn't require it to come back in the form of investment. Conversely, if there were a trade surplus, there would be an inflow of foreign currency into this country which would find its way more than likely into domestic investments.
Unless I read your post incorrectly, I think you have it backwards. No wonder we don't agree.
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This is getting old. More pesky facts torpedoing your points...
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05-18-2018, 03:24 PM
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#34
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Registered User
Join Date: Feb 2014
Posts: 4,520
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OP is fake news.
China is denying
http://money.cnn.com/2018/05/17/news...lks/index.html
But at a regular news briefing in Beijing on Friday, Chinese Foreign Ministry spokesmanLu Kang denied such an offer had been made.
"These rumors are not true," he said.
Allan
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05-18-2018, 04:28 PM
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#35
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Registered User
Join Date: Nov 2009
Location: donkeys ride from ASD
Posts: 13,002
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Stock market up only %40 since inauguration once all these trade deals are worked out. Yuge party in America!!!
Canada not so much.
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05-18-2018, 04:43 PM
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#36
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Registered User
Join Date: Oct 2004
Posts: 14,036
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Quote:
Originally Posted by woodtoo
Stock market up only %40 since inauguration once all these trade deals are worked out. Yuge party in America!!!
Canada not so much.
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Stock market down since Trade Policy unveiled... just saying...
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05-18-2018, 04:53 PM
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#37
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Registered User
Join Date: Mar 2013
Posts: 5,414
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China is afraid the Donald is going to grow such a good relationship to NK that we will start buying a pile of stuff from them.
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05-18-2018, 05:02 PM
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#38
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Registered User
Join Date: Mar 2015
Location: Diez meses en Port St. Lucie, FL; two months in the Dominican Republic
Posts: 4,355
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Quote:
Originally Posted by elysiantraveller
This is getting old. More pesky facts torpedoing your points...
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Keep in mind that Europe has almost 2 1/2 times the population (740 million to 315 million) of the United States, so per capita investment ratio is about 12 : 1 in favor of the US. Regarding China, the number is about 30 : 1.
__________________
"But don't ask me what I think of you, I might not give the answer that you want me to. "
Fleetwood Mac, Oh Well, Part 1 (1969)
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05-18-2018, 05:03 PM
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#39
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Registered User
Join Date: Jul 2013
Posts: 17,095
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Quote:
Originally Posted by chadk66
China is afraid the Donald is going to grow such a good relationship to NK that we will start buying a pile of stuff from them.
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A pile of nuclear waste?
I have heard rumors that Trump has the CIA trying to determine the identity of Lil' Kim's tailor and barber. The Donald knows style when he sees it.
__________________
A man's got to know his limitations. -- Dirty Harry
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05-18-2018, 06:22 PM
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#40
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Registered User
Join Date: Nov 2009
Location: donkeys ride from ASD
Posts: 13,002
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Same tailor as Hillary and I love his cut. 
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05-18-2018, 06:22 PM
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#41
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Registered User
Join Date: Oct 2004
Posts: 14,036
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Quote:
Originally Posted by barahona44
Keep in mind that Europe has almost 2 1/2 times the population (740 million to 315 million) of the United States, so per capita investment ratio is about 12 : 1 in favor of the US. Regarding China, the number is about 30 : 1.
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This number is only venture capitalism.
It gets even more stupid when we look at overall capital investment. China is slightly ahead raw numbers but per capita we are crushing them by a factor of about 4.
We spend dollars because we have them. Trade deficits are irrelevant to the discussion... unless you're a Trump supporter or anti-capitalist.
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05-18-2018, 06:26 PM
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#42
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Registered User
Join Date: Oct 2004
Posts: 14,036
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Quote:
Originally Posted by barahona44
Keep in mind that Europe has almost 2 1/2 times the population (740 million to 315 million) of the United States, so per capita investment ratio is about 12 : 1 in favor of the US. Regarding China, the number is about 30 : 1.
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This number is only venture capitalism.
It gets even more stupid when we look at overall capital investment. China is slightly ahead raw numbers but per capita we are crushing them by a factor of about 4.
We spend dollars because we have them. Trade deficits are irrelevant to the discussion... unless you're a Trump supporter or anti-capitalist.
Anyone who thinks we can compete in manufactured goods with a country that pays it's people a 1/3 as much and has 4x as many of them needs their head checked.
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05-21-2018, 10:51 AM
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#43
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Registered User
Join Date: Oct 2004
Posts: 14,036
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Another big nothing burger... absolutely nothing regarding the real issue of IP theft.
China agrees to import more from U.S., no sign of $200 billion figure
China promises to buy some farming and agricultural equipment... sanctions waived...
You guys agree with this move? To quote Tucker from earlier in the post...
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The Chinese are well known for saying what they need to say.
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Last edited by elysiantraveller; 05-21-2018 at 10:55 AM.
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