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As I recall, when we get into the weeds on national accounts, we have the balance of exports minus imports dealing mostly with real goods either raw materials or manufactured goods, and a similar export minus import balance for those services which there can be a direct accounting. But then there is the balance of direct foreign investment into and out of the country along with the flow of revenue streams from those investments. This latter bit is where much of the controversy about Apple, etc. has originated as, under current rules, it can be and has been grossly manipulated. That manipulation is a major part of the core 'competence' of Wall Street and The City.

"It is not necessary to have hope in order to persevere."
by ARGeezer (ARGeezer a in a circle eurotrib daught com) on Wed Aug 23rd, 2017 at 03:53:29 PM EST
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