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View Diary: America Turning into Japan (89 comments)

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  •  Corporate profits are from overseas. Weak dollar (1+ / 0-)
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    promotes exports so most profits of US companies are from selling to the outside world. Demand in US is weak and will get weaker.

    If Kasich says State Troopers are assholes, What does that make me?

    by buckshot face on Wed Sep 21, 2011 at 01:51:06 PM PDT

    [ Parent ]

    •  Trade deficit is reasonable (0+ / 0-)

      There has been some uptick in exports, but we still buy more overseas than we sell.  The trade deficit overall is about where it should be.  Corporate profits are coming primarily form the government running deficits.

      [It is not possible to have a government deficit without having an equal private sector surplus, and vice-a-versa; it's an accounting identity]

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