The Dual Face of the Structural Trade Deficit
CIGA Eric

Eric,

A big ship I would hate to try to avoid on the high seas while she was doing 30 knots. There will be three of the zapping back and forth across the Pacific 5 days each way! Wow! let’s hear it for Walmart!

Jack

Both pictures define the reality of structural deficits in which issuance debt at the expense of tomorrow’s production, consumption, and investment.

Made in China:

Made in China also manifests itself in the Formula depicted below.

US Federal Budget (Surplus or Deficit As A % of GDP, 12 Month Moving Average) and Gold London P.M. Fixed:

More…