The last time exports exceeded imports was during President Ford’s administration. On the other hand, a net export position does not necessarily imply economic success. Obviously, not everything is rosy, but unemployment is at a 40-year low, and the Gross Domestic Product, which measures the market value of all final goods and services, is steady, if not spectacular. economy has never been healthier based on the numbers. While the trade equation appears simple, the economics of trade is anything but straightforward. trade deficit, in other words imports exceeding exports, is $566 billion. Either imports exceed exports, or exports exceed imports. The difference between American imports and exports is a trade imbalance. Foreign trade is a pretty simple equation. The latest economic fear is a possible trade war between the United States and the rest of the world. Apparently, the Glassdoor staff does not get the joke. ![]() While scrolling through importer/exporter, I found one familiar company – “Vandalay Industries.” The site had a picture of Vandalay’s office lobby, coffee cup with the company logo, and even a staff picture. While researching the importer/exporter profession, I found the website Glassdoor that is utilized by primarily former employees to find jobs and review and evaluate their previous companies. Vandelay’s professions was that of an importer/exporter. During an early episode of the TV sitcom classic Seinfeld, George Costanza developed his alter ego Art Vandelay.
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