Not only does Vietnam have a large and legitimate trade deficit with China, it also has a large black-market deficit.
Robert Passikoff, president of Brand Keys, a consumer loyalty measurement firm in New York, said that Ford's biggest marketing deficit is simply standing for something.
But because of declining sales and income tax receipts and a flagging stock market, the deficit has steadily grown -- by more than $113 million in the last month alone, state officials said.
Ever since the rise of market fundamentalism, deficit hawks, and the passage of the 1990 Budget Reconciliation Act, the federal government's ability to make long-term investments has been critically weakened.
"He could give you a half-hour lecture about the ill effects of price-fixing on the market, including deficits and the black market," says Rory MacFarquhar, an executive director at Goldman Sachs in Moscow.
In a further effort to reassure the markets, more deficit-cutting measures have been included in the past 48 hours, including pension cuts and additional health charges.
Mr. Obama often speaks of the traditional liberal goal of trying to redistribute the tax burden to reduce economic inequality, and at least in his public pronouncements has not emphasized the market-friendly, deficit-reduction aspects of the economic approach credited to former President Bill Clinton and former Treasury Secretary Robert E. Rubin in the 1990s.
I recently came across this Comstock Partners, Market Commentary: The Deficit Did Not Cause The Recession; The Recession Caused The Deficit, Both Wall Street and Washington have lost sight of the major cause of the deep recession and exceedingly slow economic recovery.
COMMODITY PRICE INDEX The lead market faces a deficit of 90,000 tonnes this year, the biggest since 1995, say analysts at Brook Hunt.
