Peter Schiff quote

Trade deficits are OK under certain circumstance. 1. An emerging nation imports capital goods necessary to enhance its productivity. 2. A developed nation, with a current account surplus, uses some of its investment income to finance the purchases of additional consumer goods from abroad.
Peter Schiff
Peter Schiff
Peter Schiff
Born: Mar 23, 1963

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Finance, Nation, Additional, Deficits, OK, Circumstance, Purchases, Some, Emerging, Abroad, Consumer, Developed, Investment, Goods, Trade, Imports, Surplus, Account, Current, Capital, Certain, Productivity, Uses, Enhance, Income, Necessary

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