No. of Recommendations: 1
http://econ4u.org/blog/2011/07/25/three-things-you-need-to-k...

1. Trade deficits are a positive consequence of cost-conscious American consumers and businesses shopping globally for the best value, quality, and price.

2. The trade deficit as most people understand it doesn't exist.

3. Trade deficits are most often associated with periods of strong U.S. economic growth -- not decline.
_________________

Details at the link, which I imported from Paraguay.

--fleg
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