http://wuyibing.com/44/lecture-by-mr-william-poole.html Reviews, Notes, Journals and Comments Fri, 02 Sep 2011 09:36:02 -0700 http://wordpress.org/?v=2.8.2 hourly 1 http://wuyibing.com/44/lecture-by-mr-william-poole.html/comment-page-1#comment-10 Forager Fri, 07 Oct 2005 02:01:38 +0000 http://wuyibing.com/44/lecture-by-mr-william-poole.html#comment-10 Research on facts after the lecture: 1. I am not sure what the $3 trillion is? I am sure that is what I heard what Mr. Poole said but looking at the book, I just can't find this number. 2. U.S. does have a relative income receipts-payments balance. 3. The sources: NY Fed. Reserve Bank article: http://www.ny.frb.org/aboutthefed/fedpoint/fed40.html US Government's Bureau of Economic Analysis 2005 Balance of Payments (International Transactions) summary: http://www.bea.gov/bea/newsrel/transnewsrelease.htm 4. Some numbers: In 2004, U.S. trade balance (goods and services export-import net): $617,583 million deficit Income balance: $30,439 million surplus Financial Account balance (see NY Fed article for definition) is: $584,596 (or 95% of the trade deficit) Research on facts after the lecture:
1. I am not sure what the $3 trillion is? I am sure that is what I heard what Mr. Poole said but looking at the book, I just can’t find this number.
2. U.S. does have a relative income receipts-payments balance.
3. The sources:
NY Fed. Reserve Bank article: http://www.ny.frb.org/aboutthefed/fedpoint/fed40.html
US Government’s Bureau of Economic Analysis 2005 Balance of Payments (International Transactions)
summary: http://www.bea.gov/bea/newsrel/transnewsrelease.htm
4. Some numbers:
In 2004, U.S. trade balance (goods and services export-import net): $617,583 million deficit
Income balance: $30,439 million surplus
Financial Account balance (see NY Fed article for definition) is: $584,596 (or 95% of the trade deficit)

]]> http://wuyibing.com/44/lecture-by-mr-william-poole.html/comment-page-1#comment-9 Years of Poems and Spirits » A New Pattern of Multurally Assured Destruction (MAD)? Fri, 07 Oct 2005 01:46:07 +0000 http://wuyibing.com/44/lecture-by-mr-william-poole.html#comment-9 [...] Related Sources: 1. The Fresh Air 2005/10/6 Guests: Paul Krugman and Stuart Butler. Archive here. During the discussion, Krugman eluded to the muturally destructive nature of the current account deficit. 2. Speech by William Poole. Archive here. “If the current account were driving the capital account, then a weakening dollar would likely result.” 3. New Yorker Book Review. Biography of Herman Kahn by Sharon Ghamari-Tabrizi. ” His point is that unless Americans really do believe that nuclear war is survivable, and survivable under conditions that, although hardly desirable, are acceptable and manageable, then deterrence has no meaning.” 4. My previous blog entry.   [...] [...] Related Sources: 1. The Fresh Air 2005/10/6 Guests: Paul Krugman and Stuart Butler. Archive here. During the discussion, Krugman eluded to the muturally destructive nature of the current account deficit. 2. Speech by William Poole. Archive here. “If the current account were driving the capital account, then a weakening dollar would likely result.” 3. New Yorker Book Review. Biography of Herman Kahn by Sharon Ghamari-Tabrizi. ” His point is that unless Americans really do believe that nuclear war is survivable, and survivable under conditions that, although hardly desirable, are acceptable and manageable, then deterrence has no meaning.” 4. My previous blog entry.   [...]

]]>