Trade Deficit At Record High: What Does That Mean?

http://blog.seattlepi.com/personal-finance/archives/217722.asp

On a day-to-day basis, most of us don't concern ourselves with the details of macroeconomics other than to glance at the latest recession news over morning coffee. But macroeconomics--the workings of our national economy--do affect our daily lives. We're only as financially healthy as our country, and (as we're all too aware) our current health is failing. snip

It's All About Perspective.

Trade on a global scale isn't all that different from the trade of cash for cashmere sweaters. When it comes to earning, spending, and saving, we know that getting into debt is the ultimate sabotage for the future. In macroeconomics, there is a lot more money at stake. Communication across time zones and language barriers is a little trickier than buying some groceries, but the same principal remains: spend more than we make, and we'll be in some serious trouble.

It means that a 10% unemployment rate will become the norm. Thats what it means.

Don