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Trade Deficit Surges, Jobless Claims Remain Hig

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Uploaded by on Sep 11, 2008

The U.S. trade deficit soared in July to the highest level in 16 months as oil imports hit an all-time high. Meanwhile, new applications for unemployment benefits fell less than expected last week. (Sept. 10)

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  • “The U.S. trade deficit is a bigger threat to the domestic economy than either the federal budget deficit or consumer debt and could lead to ‘political turmoil.’ Pretty soon, I think there will be a big adjustment.” -- Warren Buffett

    An Inflation-Neutral Balanced Trade System (BTS), inspired by Warren Buffett’s 2003 Import Certificate Plan is introduced at the top of page 4 of the Pdf, which is available at:

    democrats.waysandmeans.house.g­ov/media/pdf/111/2010Sept15_Ca­mpbell_Submission.pdf

  • It is not a trade deficit. There is no trade deficit. We are not trading. That is fake.

  • Thank You

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