Yuvaraj Galada alerted me to the October 26th, 2003, edition of
Fortune in which Warren Buffet
worries that
“America’s Growing Trade Deficit Is Selling the Nation Out From Under
Us.” Then he suggests a remedy for the problem. The solution he says is
to balance imports and exports. It is an interesting article and I would
recommend reading it. Buffett does some amateur model-building
and I think he gets it right. He does not do any deep analysis, and
rightly so. Deep analysis confuses people and the main message may
easiliy be lost. …