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Follow the Money

A sobering set of statistics

By experts and staff

Published

Experts

2004 US exports of debt securities: $890 billion

2004 US imports of debt securities: $2.3 billion Balance of trade in debt securities: $888 billion

2004 US exports of goods and services : $1146 billion

2004 US exports of goods: $808 billion. The US clearly has a comparative advantage selling debt to the world, and it is currently exploiting that comparative advantage to the maximum extent possible ...