The Trade Deficit Bogeyman, March 4, 2011

Warren Gibson will conduct a briefing on Friday, March 4 at 12 pm at the Capital Club in San Jose, 50 West San Fernando Street.  The briefing is titled “The Trade Deficit Bogeyman.” Among the topics for discussion: Belmont’s lopsided trade deficit with San Mateo…who cares? Current account, financial account, capital account–they always add up. The real problem: US Govt deficits Myth: US manufactured output is down Myth: trade restrictions by foreign Govts must be matched by retaliation The “fair...

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