Reduce the trade deficit; increase GDP & median wage

Warren Buffett’s concept to significantly reduce USA’s trade deficit.

I’m a proponent of a proposal that was introduced to the Senate in 2006. Trade deficits are always detrimental to a nation’s GDP. Trade deficit’s detriment to the GDP exceeds the amount of the deficit itself. The GDP bolsters the median wage.

Stock Markets Goin' down, down, down.....

It looks like we're seeing a global stock market correction.

Note, the term crash is defined in the double digit percentage losses. So, this is a correction, although some emerging markets are entering crash territory.

At the time of this writing:

The Dow is down over 550 762 points and drops below 10,000.

The NASDAQ has dropped over 6.6%.