Monday Musings

Little doubt exists that the Chinese government is enabling its steel and aluminum companies to sell at prices low enough to suppress the market. The debate is the remedy.

The trade deficit amount has NOTHING to do with the amount of the national debt. The national debt is, basically, the accumulation of federal government deficits and surpluses as measured by outstanding government debt. A trade deficit is when the value of a country’s imports exceeds that of its exports. Having a trade deficit is a drag on a country’s GDP, but does not directly have anything to do with government deficits. It is disappointing to read and to hear how many people think the two issues are directly related. An uninformed public is a dangerous thing. Ignorance is NOT bliss.

Enough on policy…I am still hoping to read about what cars you drive. Here is a car I used to own:

This is the 2007 Corvette I used to have. I bought it new to “replace” the 2002 model that I had purchased used in 2004. I had a thriving business then as a player personnel/baseball operations consultant to multiple major league teams and the Vette was not a financial stretch, by any means. Although I have a nice car now and my wonderful wife has a great Corvette that I can drive if I want, I still miss this car. I sold it in a panic when I lost my business in 2010 and thought I needed to raise cash.

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