Warren Buffett’s concept to significantly reduce USA’s trade deficit.
I’m a proponent of a proposal that was introduced to the Senate in 2006. Trade deficits are always detrimental to a nation’s GDP. Trade deficit’s detriment to the GDP exceeds the amount of the deficit itself. The GDP bolsters the median wage.
It looks like we're seeing a global stock market correction.
Note, the term crash is defined in the double digit percentage losses. So, this is a correction, although some emerging markets are entering crash territory.
At the time of this writing:
The Dow is down over 550 762 points and drops below 10,000.
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