In any case, I predict we'll see a current account deficit in the upper teens before this is all over. Don't worry ladies, the US will look just like you've wanted him to become economically all these years; Michael Moore.
Monday, March 30, 2009
Current Account Deficit as a Percentage of GDP
The US of course has some severe economic problems. But on one of my regular economic statistic check ups I noticed that if you contrast the US versus say, Iceland, we don't look so bad (which is like comparing me versus Michael Moore). We are "only" spending 6% more than we make (and I don't think the OECD has updated their stats, this, considering the Federal Budget for 2009 should be more like 12%). Hairs split aside, Norway which has consistently managed a surplus in the teens is like the Daniel Craig of the current account world (I'm just assuming Daniel Craig because all the girls in the Captain's life swoon when you mention his name).
In any case, I predict we'll see a current account deficit in the upper teens before this is all over. Don't worry ladies, the US will look just like you've wanted him to become economically all these years; Michael Moore.
In any case, I predict we'll see a current account deficit in the upper teens before this is all over. Don't worry ladies, the US will look just like you've wanted him to become economically all these years; Michael Moore.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment