H
Howard
Guest
Projected Trade Defecit for '06 for the US , current rate of growth could see it hit a trillion before 2015.
The trade deficit is as outdated & irrelevant as the methods of calculating the unemployment rate or the CPI. Garbage in, garbage out, but great alarmist journalism-- especially per capita.Howard said:Projected Trade Defecit for '06 for the US , current rate of growth could see it hit a trillion before 2015.
Howard, my sole point is that the trade deficit calculation algorithm is horse puckey.Howard said:Nords, actually the number 1 import for the US is intellectual property, be it Viagra that was developed in the UK, RIM developed in Canada, or all those Immigrants who moved to the US and started corporations.
I am an Economist, the bubbleheads at CNBC are trying to mask the real facts, the US debt to the rest of the world is growing, the greenback is no longer the reserve Currency, and nations will stop accepting the US Currency.
I have lightened up as much as possible, US holdings are less than 20% of my portfolio, I have chosen to buy commodity based companies like Alcoa, Schlumerger etc
I am not a totally buy a gun and a cabin in Montana mentality, but some day, the bills have to be paid, the US has some hard lessons ahead.
I have great faith in the US and in its' abilities to survive, but there are going to be some days of hard medicines ahead.
The trade deficit calculation doesn't account for the #1 American export-- intellectual property.
Nords, actually the number 1 import for the US is intellectual property,
Howard said:transferred to the Head Office
justin said:The end is one day nearer than it was yesterday, that's for sure.
You are right, why should we care?
Howard said:CFB, remember the Ad about Charlie the Tuna??
mb, any Researcher of note is transferred to the Head Office, look at the number of high tech industries started by recent Asian immigrants, the US is a country of immigrants, intellectual imports who left their homelands to make their fortunes in America.
Howard said:Hi mike.