Trade, Budget, and Current Account Deficits

Warren Buffett has often discussed the importance of the trade, budget, and current account deficits (or surpluses) on the overall economy of the United States, or any nation for that matter. Yet, too many investors do not understand what these relatively simple terms mean and how they affect their standard of living. To find out, take a moment to glance over this informative reference article and you'll never have to wonder again what the nightly newscast means when it comes to the health of our nation.