Friday, February 10, 2006
The Trade Deficit & The Housing Bubble
"The U.S. trade deficit soared to an all-time high of $725.8 billion in 2005, pushed upward by record imports of oil, food, cars and other consumer goods. " The US trade deficit must be reduced. It is an economic noose that eventually will be tightened. The US spends way too much time and money buying, selling, renovating and financing bubblicious real estate. Figuring out and reducing the trade deficit is difficult but very necessary.
Posted by David at 4:39 PM