{"id":19552,"date":"2017-01-11T18:51:20","date_gmt":"2017-01-11T18:51:20","guid":{"rendered":"http:\/\/www.oracletutoring.ca\/blog\/?p=19552"},"modified":"2017-01-11T18:51:51","modified_gmt":"2017-01-11T18:51:51","slug":"economics-us-trade-deficit-is-it-real","status":"publish","type":"post","link":"https:\/\/www.oracletutoring.ca\/blog\/economics-us-trade-deficit-is-it-real\/","title":{"rendered":"Economics:  US trade deficit:  Is it real?"},"content":{"rendered":"<h1>The tutor probes more deeply into the concept of the US trade deficit.<\/h1>\n<p>In my <a href=\"?p=19394\">January 1 post<\/a> I began about the US trade deficit, mentioning, for example, that it&#8217;s exceeded $500 billion per year over the last ten years.  The numbers might sound menacing, but are they really?<\/p>\n<p>Between 2003, and 2015, the net worth of US households rose from $60 trillion to $84.9 trillion (inflation adjusted).  During that time, the US trade deficit summed to around $7.4 trillion.  The US federal debt increased, during that interval, by about $11.2 trillion.  Subtracting the outflows of $7.4 trillion and $11.2 trillion from the wealth increase of $24.9 trillion still shows net growth of $6.3 trillion.<\/p>\n<p>The clear question:  Is money really leaving the US, as many suggest, or is it actually accumulating in the US?<\/p>\n<p>I&#8217;ll be following up:)<\/p>\n<p>Source:<\/p>\n<p><a href=\"https:\/\/www.treasurydirect.gov\/govt\/reports\/pd\/histdebt\/histdebt_histo5.htm\">www.treasurydirect.gov<\/a><\/p>\n<p><a href=\"https:\/\/www.census.gov\/foreign-trade\/statistics\/historical\/gands.pdf\">www.census.gov<\/a><\/p>\n<p><a href=\"https:\/\/www.aei.org\/publication\/us-household-net-worth-increased-to-a-new-record-high-of-80-6t-in-q4-fueled-by-stock-market-and-housing-gains\/\">www.aei.org<\/a><\/p>\n<p><a href=\"http:\/\/time.com\/money\/3919690\/americans-total-net-worth-record\/\">time.com<\/a><\/p>\n<p>Jack of <a href=\"https:\/\/www.oracletutoring.ca\">Oracle Tutoring by Jack and Diane,<\/a> Campbell River, BC.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The tutor probes more deeply into the concept of the US trade deficit. In my January 1 post I began about the US trade deficit, mentioning, for example, that it&#8217;s exceeded $500 billion per year over the last ten years. &hellip;<\/p>\n<p class=\"read-more\"> <a class=\"more-link\" href=\"https:\/\/www.oracletutoring.ca\/blog\/economics-us-trade-deficit-is-it-real\/\"> <span class=\"screen-reader-text\">Economics:  US trade deficit:  Is it real?<\/span> Read More &raquo;<\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[371,372],"tags":[2098,2099],"class_list":["post-19552","post","type-post","status-publish","format-standard","hentry","category-business","category-economics","tag-is-us-trade-deficit-real","tag-us-net-worth"],"_links":{"self":[{"href":"https:\/\/www.oracletutoring.ca\/blog\/wp-json\/wp\/v2\/posts\/19552","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.oracletutoring.ca\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.oracletutoring.ca\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.oracletutoring.ca\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.oracletutoring.ca\/blog\/wp-json\/wp\/v2\/comments?post=19552"}],"version-history":[{"count":16,"href":"https:\/\/www.oracletutoring.ca\/blog\/wp-json\/wp\/v2\/posts\/19552\/revisions"}],"predecessor-version":[{"id":19568,"href":"https:\/\/www.oracletutoring.ca\/blog\/wp-json\/wp\/v2\/posts\/19552\/revisions\/19568"}],"wp:attachment":[{"href":"https:\/\/www.oracletutoring.ca\/blog\/wp-json\/wp\/v2\/media?parent=19552"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.oracletutoring.ca\/blog\/wp-json\/wp\/v2\/categories?post=19552"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.oracletutoring.ca\/blog\/wp-json\/wp\/v2\/tags?post=19552"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}