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Is our negative trade balance bad for our market?

Binance

Cryptocoins Exchanges / Binance 168 Views

Not necessarily. Imports are a benefit. Exports are a cost.If you look at a model of the balance of payments, you find that negative trade balance invites investment. There is no set event that makes bad for a country. With the huge trade imbalance, we are buying goods that are much cheaper to produce in other countries. Oh, there is the argument about taking jobs away, but the market place will always pursue the most efficient and cheaper source from for goods. I’m looking into stable and new crypto projects like Momento, XRP, StarCoin, AlchemyPay and Spores. So what’s your take on our negative trade balance?

submitted by /u/seuratgfhfghgf
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