I was talking with a colleague the other day, when suddenly I realized that we no longer talk of the United States having a trade balance . Now we only talk about the US Trade Deficit.

Why? Because when we look at our country's international trade, it is inevitably a deficit, a loss. A bottomless hole. In which this country inevitably imports more than it exports. Which we make up for by paying our hard cash.

On a balance of payments basis, we always loose. The other side always goes away from the deal with US dollars in their pocket.

So it's simple to see why we only think of US International Trade as a loosing proposition, a deficit.. Since the third quarter of 1982, nearly 38 years ago, the US has had nothing but red ink in the trading relations around the world. With the singular exception of 1992.

Wednesday will mercifully call an end to the second quarter. And there will be a collective sigh of relief from Wall Street. As we try to put the full effects of the economic lock-down behind us.

Inch by inch, the country is starting to emerge from its self-quarantine. This was reflected by the State of Florida, which last week lifted all restrictions on its economy. Shops, restaurants, events are now allowed to function as normal.

In fact across the nation, state and local authorities are starting to loosen the restrictions on assembly, and on non-essential businesses.

Wednesday will mercifully call an end to the second quarter. And there will be a collective sigh of relief from Wall Street. As we try to put the full effects of the economic lock-down behind us.

Inch by inch, the country is starting to emerge from its self-quarantine. This was reflected by the State of Florida, which last week lifted all restrictions on its economy. Shops, restaurants, events are now allowed to function as normal.

In fact across the nation, state and local authorities are starting to loosen the restrictions on assembly, and on non-essential businesses.

Wednesday will mercifully call an end to the second quarter. And there will be a collective sigh of relief from Wall Street. As we try to put the full effects of the economic lock-down behind us.

Inch by inch, the country is starting to emerge from its self-quarantine. This was reflected by the State of Florida, which last week lifted all restrictions on its economy. Shops, restaurants, events are now allowed to function as normal.

In fact across the nation, state and local authorities are starting to loosen the restrictions on assembly, and on non-essential businesses.

Wednesday will mercifully call an end to the second quarter. And there will be a collective sigh of relief from Wall Street. As we try to put the full effects of the economic lock-down behind us.

Inch by inch, the country is starting to emerge from its self quarantine. This was reflected by the State of Florida, which last week lifted all restrictions on its economy. Shops, restaurants, events are now allowed to function as normal.

In fact across the nation, state and local authorities are starting to loosen the restrictions on assembly, and on non essential businesses.

This week the two men most responsible for helping guide this economy, testified before Congress for 3 days. Chairman of the Federal Reserve Jerome Powell, and Secretary of the Treasury, Steven Mnuchin both spent hours, outlining for law makers just what they see as essential to continuing the economic recovery.

And to sum up all of those conversations in a phrase: “We need more money.”

This week the two men most responsible for helping guide this economy, testified before Congress for 3 days. Chairman of the Federal Reserve Jerome Powell, and Secretary of the Treasury, Steven Mnuchin both spent hours, outlining for law makers just what they see as essential to continuing the economic recovery.

And to sum up all of those conversations in a phrase: “We need more money.”

This week the two men most responsible for helping guide this economy, testified before Congress for 3 days. Chairman of the Federal Reserve Jerome Powell, and Secretary of the Treasury, Steven Mnuchin both spent hours, outlining for law makers just what they see as essential to continuing the economic recovery.

And to sum up all of those conversations in a phrase: “We need more money.”

This week the two men most responsible for helping guide this economy, testified before Congress for 3 days. Chairman of the Federal Reserve Jerome Powell, and Secretary of the Treasury, Steven Mnuchin both spent hours, outlining for law makers just what they see as essential to continuing the economic recovery.

And to sum up all of those conversations in a phrase: “We need more money.”

This week the two men most responsible for helping guide this economy, testified before Congress for 3 days. Chairman of the Federal Reserve Jerome Powell, and Secretary of the Treasury, Steven Mnuchin both spent hours, outlining for law makers just what they see as essential to continuing the economic recovery.

And to sum up all of those conversations in a phrase: “We need more money.”