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Bush the Economist

…the trade deficit,” he joked. If Bush ever listened to his economic advisors he would understand that the trade deficit has nothing to do with Americans’ preference for imported goods…

…relegated to the minor leagues ore duly reported and then ignored. Take the June trade deficit which was reported at the beginning of August. Jaded watchers of the economy registered…

…Douglas Adams at this point, but nevermind.) Yet still, I can’t get worked up about a big trade deficit like the US currently has. Trade deficits can be good and…

More on Gagnon

…still be some private label issues and they will be crowded out and, more importantly, the whole point is to get more mortgages written (either for new purchases or refinancing)….