Current Account ( % of GDP)

<body topmargin=0 leftmargin=0 marginheight=0 marginwidth=0> <table cellpadding=0 cellspacing=0 border=0><tr> <td valign="top" colspan=2 height=82 style=" border-bottom: 3px solid #FF9900;" BGCOLOR="#006600" TEXT="#F7F7FF" bgproperties="fixed" background="7ce005521dwnpjk.jpg"> <div> <FONT SIZE="5" COLOR="#FFFFFF" FACE="Arial" ><B>InvestmentTools.com</B></FONT><FONT SIZE="2" COLOR="#000000" FACE="Arial" >  <style type="text/css">  </style> </FONT><FONT SIZE="2" COLOR="#CCCC99" FACE="Arial" > </FONT> |     <A HREF="https://investmenttools.com/" TARGET="_top" TITLE="https://investmenttools.com/">home</A></div> <div> <A HREF="https://investmenttools.com/the_home_of_investmenttools__the_com_tock_letter_and_tradingtools.htm" TARGET="_top" TITLE="https://investmenttools.com/the_home_"><B>About</B></A><B>   </B><A HREF="https://investmenttools.com/equities" TARGET="_top" TITLE="https://investmenttools.com/equities"><B>Equities</B></A><B>   </B><A HREF="https://investmenttools.com/futures" TARGET="_top" TITLE="https://investmenttools.com/futures"><B>Commodity/Futures</B></A><B>   </B><A HREF="index.htm" TARGET="_top" TITLE="The State"><B>The State</B></A><B>    </B><A HREF="https://investmenttools.com/bonds" TARGET="_top" TITLE="https://investmenttools.com/bonds"><B>Notes/Bonds</B></A><B>    </B><A HREF="https://investmenttools.com/editorials.htm" TARGET="_top" TITLE="https://investmenttools.com/editorial"><B>Editorials</B></A><B>      </B><A HREF="https://investmenttools.com/com_tock_letter.htm" TARGET="_top" TITLE="https://investmenttools.com/com_tock_"><B>Com$tock Letter</B></A><B>  </B><A HREF="https://investmenttools.com/welcome_to_the_links__page.htm" TARGET="_top" TITLE="https://investmenttools.com/welcome_t"><B>Links</B></A><B>    </B><A HREF="https://investmenttools.com/thefed" TARGET="_top" TITLE="https://investmenttools.com/thefed"><B>The Fed & Short Sales</B></A><B>    </B><A HREF="https://investmenttools.com/median_and_average_sales_prices_of_houses_sold_in_the_us.htm" TARGET="_top" TITLE="https://investmenttools.com/median_an"><B>Real Estate</B></A><B>     </B><A HREF="https://investmenttools.com/finacial_planning.htm" TARGET="_top" TITLE="https://investmenttools.com/finacial_"><B>Miscellaneous</B></A></div> <div> </div> </td> </tr><tr> <td valign="top" width=206 style="border-right: 4px solid #006600;" BGCOLOR="#FF9900" TEXT="#080000"> <div> <TABLE BORDER="4" CELLPADDING="4" CELLSPACING="4" WIDTH="162" BORDERCOLORLIGHT="#C0C0C0" BORDERCOLORDARK="#808080" FRAME="BOX" RULES="ALL" HSPACE="0" VSPACE="0" BGCOLOR=#FFFFFF > <tR> <tD VALIGN=TOP HEIGHT= 169 WIDTH="136"><div> <B>When you have tremendous conviction on a trade, you have to go for the jugular. It takes courage to be a pig.</B></div> <bR> <div> <B>Stanley Druckenmiller</B></div> </tD> </tR> </TABLE></div> <bR> <bR> <bR> </td> <td valign="top" height=398 width="100%" BGCOLOR="#FFFFFF" TEXT="#080000"> <div> <B>Current Account  ( % of GDP)</B></div> <bR> <bR> <div> <B> <TABLE BORDER="2" CELLPADDING="2" CELLSPACING="1" WIDTH="503" BORDERCOLORLIGHT="#C0C0C0" BORDERCOLORDARK="#808080" FRAME="VOID" RULES="ROWS" HSPACE="0" VSPACE="0" > <tR> <tD VALIGN=TOP HEIGHT= 16 WIDTH="381"><div> <A HREF="#curr_acc" TITLE="Current Account ( of GDP)"><FONT COLOR="#0033FF"><B>Current Account % of GDP  </B></FONT></A></div> </tD> <tD VALIGN=TOP WIDTH="8"><IMG BORDER="0" SRC="1x1.gif" HEIGHT="16" ALIGN="bottom" WIDTH="8" HSPACE="0" VSPACE="0"></tD> <tD VALIGN=TOP><NOBR><div> <A HREF="#notes___links" TITLE="Current Account ( of GDP)"><FONT COLOR="#0033FF"><B>Notes & Links</B></FONT></A></div> </NOBR></tD> </tR> <tR> <tD VALIGN=TOP HEIGHT= 16 WIDTH="381"><div> <A HREF="#us_balance" TITLE="Current Account ( of GDP)"><FONT COLOR="#0033FF"><B>US Balance on Current account</B></FONT></A></div> </tD> <tD VALIGN=TOP WIDTH="8"><IMG BORDER="0" SRC="1x1.gif" HEIGHT="16" ALIGN="bottom" WIDTH="8" HSPACE="0" VSPACE="0"></tD> <tD VALIGN=TOP BGCOLOR=#DDDDDD><NOBR><div> <A HREF="index.htm" TARGET="_top" TITLE="The State"><FONT COLOR="#003399"><B><IMG BORDER="0" SRC="Symb075c00b700c899330000.png" HEIGHT="13" WIDTH="24" ALIGN="bottom" HSPACE="0" VSPACE="0">More State</B></FONT></A></div> </NOBR></tD> </tR> </TABLE></B></div> <bR> <div> <TABLE BORDER="0" CELLPADDING="2" CELLSPACING="1" WIDTH="680" BORDERCOLORLIGHT="#C0C0C0" BORDERCOLORDARK="#808080" FRAME="VOID" RULES="NONE" HSPACE="0" VSPACE="0" > <tR> <tD VALIGN=TOP HEIGHT= 51 WIDTH="641"> <IMG SRC="../images/ss/currentaccount.gif" border=0 ALIGN="BOTTOM" HSPACE="0" VSPACE="0"> <bR> </tD> <tD VALIGN=TOP WIDTH="28"><div>  <A NAME="curr_acc"><IMG BORDER="0" SRC="1x1.gif" HEIGHT="1" ALIGN="bottom" WIDTH="1" HSPACE="0" VSPACE="0" ></A></div> </tD> </tR> <tR> <tD VALIGN=TOP HEIGHT= 39 WIDTH="641"><div> <B>US Balance on Current Account</B></div> <div> use tabs to adjust time frame</div> </tD> <tD VALIGN=TOP WIDTH="28"><div>  <A NAME="us_balance"><IMG BORDER="0" SRC="1x1.gif" HEIGHT="1" ALIGN="bottom" WIDTH="1" HSPACE="0" VSPACE="0" ></A></div> </tD> </tR> <tR> <tD VALIGN=TOP HEIGHT= 73 WIDTH="641"><div> <B> <iframe src="https://fred.stlouisfed.org/graph/graph-landing.php?g=tEJe&width=670&height=475" scrolling="no" frameborder="0"style="overflow:hidden; width:670px; height:525px;" allowTransparency="true" loading="lazy"></iframe>  </B></div> </tD> <tD VALIGN=TOP WIDTH="28"><IMG BORDER="0" SRC="1x1.gif" HEIGHT="73" ALIGN="bottom" WIDTH="28" HSPACE="0" VSPACE="0"></tD> </tR> <tR> <tD VALIGN=TOP HEIGHT= 41 WIDTH="641"><bR> <div> <B><IMG BORDER="0" SRC="Wing0a7300a800f00099ff00.png" HEIGHT="16" WIDTH="24" ALIGN="bottom" HSPACE="0" VSPACE="0">Notes & Links</B></div> </tD> <tD VALIGN=TOP WIDTH="28"><div>  <A NAME="notes___links"><IMG BORDER="0" SRC="1x1.gif" HEIGHT="1" ALIGN="bottom" WIDTH="1" HSPACE="0" VSPACE="0" ></A></div> </tD> </tR> <tR> <tD VALIGN=TOP HEIGHT= 509 WIDTH="641"><bR> <bR> <div> <IMG BORDER="0" SRC="Symb075c00b700c800000000.png" HEIGHT="13" WIDTH="24" ALIGN="bottom" HSPACE="0" VSPACE="0">1/17/07 Foreign purchases of long-term U.S. securities totaled $107.4 billion while U.S. purchases of foreign securities totaled $39.1 billion.</div> <div> <IMG BORDER="0" SRC="Symb075c00b700c800000000.png" HEIGHT="13" WIDTH="24" ALIGN="bottom" HSPACE="0" VSPACE="0">1/21/06 <FONT SIZE="2" COLOR="#0033FF" FACE="Courier New" ><A HREF="https://www.economist.com/finance/displaystory.cfm?story_id=5408129" TARGET="_blank" TITLE="https://www.economist.com/finance/display"><FONT COLOR="#0033FF">America's dark materials</FONT></A></FONT> <FONT SIZE="2" COLOR="#000000" FACE="Courier New" >Economists have been scrutinising America's current-account deficit for years now, and they are no closer to agreeing on what they are looking at. Now two economists at Harvard doubt </FONT><FONT SIZE="2" COLOR="#FF0000" FACE="Courier New" >whether the deficit even exists.</FONT><FONT SIZE="2" COLOR="#000000" FACE="Courier New" > Ricardo Hausmann and Frederico Sturzenegger first put this claim in a working paper released last November.</FONT></div> <div> <IMG BORDER="0" SRC="Symb075c00b700c800000000.png" HEIGHT="13" WIDTH="24" ALIGN="bottom" HSPACE="0" VSPACE="0">11/14/05 The United States is having little trouble funding its big current account gap, but the shortfall cannot expand forever , Federal Reserve Chairman Alan Greenspan said on Monday.</div> <div> <IMG BORDER="0" SRC="Symb075c00b700c800000000.png" HEIGHT="13" WIDTH="24" ALIGN="bottom" HSPACE="0" VSPACE="0">06/17/05 The U.S. current account deficit increased to a record high $195.1 billion in the first quarter of 2005 <B><U>(This is at an annualized rate of almost $800 billion)</U></B></div> <div> <IMG BORDER="0" SRC="Symb075c00b700c800000000.png" HEIGHT="13" WIDTH="24" ALIGN="bottom" HSPACE="0" VSPACE="0">01/12/05 The Commerce Department said the November deficit was up 7.7 percent from an imbalance of $56 billion in October, which had been the previous monthly record. The new record - $60.3 billion.</div> <div> <IMG BORDER="0" SRC="Symb075c00b700c800000000.png" HEIGHT="13" WIDTH="24" ALIGN="bottom" HSPACE="0" VSPACE="0">11/05/04 <FONT SIZE="2" COLOR="#0033FF" FACE="Courier New" >The dollar</FONT> floundered as attention reverted to the prospect of another four years of growing US current account and fiscal deficits under the Bush administration</div> <div> <B><IMG BORDER="0" SRC="Wing0a7300a800c800000000.png" HEIGHT="13" WIDTH="24" ALIGN="bottom" HSPACE="0" VSPACE="0">10/13/04 The Financial Time Editorial Page projects the US Current account balance at    -9%    of GDP in 2009</B></div> <div> <FONT SIZE="2" COLOR="#000000" FACE="Courier New" ><IMG BORDER="0" SRC="Symb075c00b700c800000000.png" HEIGHT="13" WIDTH="24" ALIGN="bottom" HSPACE="0" VSPACE="0">09/09/04</FONT> Stable dollar may mean bigger deficit-Fed's Yellen <FONT SIZE="2" COLOR="#000000" FACE="Courier New" >If the dollar's value remains steady, the record U.S. current account deficit will widen over the long run, Federal Reserve Bank of San Francisco President Janet Yellen said.</FONT></div> <bR> <bR> </tD> <tD VALIGN=TOP WIDTH="28"><IMG BORDER="0" SRC="1x1.gif" HEIGHT="509" ALIGN="bottom" WIDTH="28" HSPACE="0" VSPACE="0"></tD> </tR> </TABLE></div> <bR> <div>   <script type="text/javascript"> _qoptions={ qacct:"p-basisC2e0drco" }; </script> <script type="text/javascript" src="https://edge.quantserve.com/quant.js"></script> <noscript> <img src="https://pixel.quantserve.com/pixel/p-basisC2e0drco.gif" style="display: none;" border="0" height="1" width="1" alt="Quantcast"/> </noscript>   </div> <div>  <script type="text/javascript"> var gaJsHost = (("https:" == document.location.protocol) ? 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