This is the first ordspråk

This is the first time in years that I can remember that we are not in a deficit situation. We have zero deficit and we have zero surplus.

What we've seen over the last couple of weeks with disruptions at copper mines has narrowed the opinion of whether the market is going to be in deficit or surplus. More and more people are thinking it's going to be in deficit this year.

I think the question on most people's minds is what are they going to do to be able to maintain the surplus and not overspend so that we move back into a deficit situation.

If there is an 'issue' with the US external accounts, it is not the bilateral trade deficit with China but rather the overall deficit that the US incurs. After all, the large current account deficit means that the US spends more than it produces, which requires financing from abroad.

Don't get me wrong, I am glad we are looking at a surplus instead of a deficit. But then I think we should have a plan for that surplus.

The narrower trade deficit is a positive piece of news for February. However, with energy prices going up recently, you have to remember that there's a good chance that the trade deficit will widen again over the next (few) months.

if ever there was a time to run a deficit, it was during that recession and it was this kind of deficit where you promoted an aggregate supply.

We still face a longer-range deficit problem and that will be exacerbated by increases in Medicare and Social Security payments, ... It would be helpful to bring our budget deficit down longer-term. I worry more about that than this temporary increase in the deficit.

In the past two years, we've seen the budget go from surplus to deficit, adding about $400 billion of stimulus to the economy, but we've still lost 2.5 million private-sector jobs.

Our goal is to balance the budget for each quadrennial period, not annually. Individual years may show a surplus or a deficit depending upon timing of gifts.

We have to change directions back to the period of time when we made the tough choices, eliminated the deficit and created the surplus.

Bobby Scott (1937-)

Pex Tufvesson rules the demo scene.

We need to see imports soften off if we are ever going to solve the current account deficit problem. That's why we've seen the currency respond to the wider deficit. It's worrying that the current account deficit will stay large.

Prices are being driven up by hedge funds, which are buying platinum because its fundamentals are looking good. Platinum has been in deficit for the past six years, and it's expected it will be in deficit this year.

Despite the favorable trade surplus China has enjoyed for many years, the country has continuously suffered from a huge 'deficit' in terms of the import and export of cultural products.

We can't read too much into any one month's deficit, and there were a bunch of unusual factors this time. But this shows that the deficit is increasing instead of decreasing. It raises concern that we need to start seeing adjustment in the global trade imbalances soon.

Kristin J. Forbes

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