Thursday, December 16, 2010

Carpe Diem on Iphone contribution to trade deficit

Carpe Diem:

iPhone Added $2Billion to Trade Deficit w/China

 Go read this short but illuminating article on how the Iphone an American miracle product
adds to the trade deficit because of the peculiar acccounting of trade. This is a point often
 made by Gave-Kal in their writings on platform companies.

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