Excessive Spending - It doesn't matter

Repeat after me, "It doesn't matter."

No matter how big the trade (current account) deficit, it is good for our economy. Just ask the Cato Institute. Just ask conservative economists.

Reuters.com
WRAPUP 1-U.S. trade gap widens to record $61 billion
Tue Apr 12, 2005 09:18 AM ET

"We are sucking in more products faster than we can sell abroad. It will reduce GDP growth a bit, but not a lot," said David Berson, chief economist at Fannie Mae.

So, just pay no attention to those numbers....

Stocks lose ground on trade data

Hey, I said pay no attention to those numbers!