European Tribune - Comments - What Does the Trade Deficit Mean, and How Does it Affect Us?

What Does the Trade Deficit Mean, and How Does it Affect Us? | 24 comments (24 topical, 0 editorial, 0 hidden)

Re: What Does the Trade Deficit Mean, (none / 0)

Do you have a link to a paper, or discussion, by a professional economist that challenges Bernanke's view? I would be very interested in reading it if you have one.

I've commented below to the effect that IMO your comment and others are defining the capital account in balance of payments as "capital expenditures to productive capital stock", in your words. The capital account in fact includes the US debt instruments that you mention above, as well as investment in securities.

by wchurchill on Sun Feb 12th, 2006 at 02:14:39 PM EST
[ Parent ]

wc (none / 0)

go through my diaries here or on dKos, and you'll find plenty of debunking of "Helicopter" Ben and "Bubbles" Greenspan.

In the long run, we're all dead. John Maynard Keynes

by Jerome a Paris (etg@eurotrib.com) on Sun Feb 12th, 2006 at 04:42:43 PM EST
[ Parent ]

What Does the Trade Deficit Mean, and How Does it Affect Us? | 24 comments (24 topical, 0 editorial, 0 hidden)

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