If I had guessed beforehand, I probably would have said about $100B per year.
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The trade deficit corresponds to dollar outflow, and those dollars are recycled back through US Treasury and US property purchases.
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In other words, we sell off $800 billion of our country each year.
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Not quite, more complicated than that. But yes, we've a current account deficit in addition to trade deficithttp://www.tradingeconomics.com/united-states/current-account …
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(In other words, we're not like UK or Holland w/ large historical trade deficit due to huge foreign investment income)
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what am I missing here? Dollars out, goods in (net); dollars mostly come back in the form of foreign purchases of US assets
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The main pieces are net trade, net investment income, net new investment, and net borrowing
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ok, I'm missing in particular the US investment abroad component, which may be a net positive (ie increasing US ownership
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