…labeled balance-sheet entry, designating the value of an ownership claim — again, designated in a unit of account. These “asset” things only exist on balance sheets. The claims themselves may…

…were large enough to offset a trade deficit and allow the country to continue to invest abroad and expand their foreign holdings. What are the largest creditor nations today? Are…

…the group of industrial countries, a one percentage point increase in the deficit scaled by GDP leads to a 0.42% increase in the current account deficit, similarly scaled. A significant…

…realize that the acceleration of job loss after 2000 was mainly about the surging trade deficit 3/ “after 2000” is doing a lot of work here. First the figure shows…

…solves the SS actuarial deficit 100%,  while the plans put forth by both Republicans and Democrats look like they were designed to NOT solve the deficit, while creating more enemies…

…nor voting can change is arithmetic. The reality being deficits are the simple difference between expenditures and taxes, and debt is nothing but the accumulation of deficits and surpluses. This…

…the great “Looming Unfunded Twenty-Two Trillion Dollar Deficit! . . . stealing our children’s future,” reported in all the high-end news sources by all the high-end reporters, columnists, nonpartisan experts,…

…has in fact moved from surplus to deficit, and will move somewhat deeper into deficit over the next decade as the last of the baby boomers start collecting. And maintaining…

…necessarily a one-to-one link between foreign demand for reserves and U.S. trade deficits are wrong. In fact, as I pointed out last week, America’s move into persistent trade deficits in…

…to balance bilateral trade deficits between the US and each of our trading partners. This calculation assumes that persistent trade deficits are due to a combination of tariff and non-tariff…